SioMic and som Camp bewy Wishing Company received a chapter manuscript for a new college textbook. The editor of the college division is familar with the manuscript and estimated 0.6507 probability that the esthook will be such wuccessful profit of $50,000 will be realized. If the company decides to publish the textbook and is unsuccessful loss of $150,000 will occur Before making the decision to accept or reject the manuscript, the editor is considering sending the manuscript out for review. A review process provides either a favorablet or an unfavorable (U) vation of the manuscript. Past experience with the review process suggests probabilities - 0.7 and U) - 0.3 apply. Let the textbook is successful and - the texthook unsuccessful. The editor's Initial probabilities of , and will be revised based on whether the review is tovable or unfavorable. The revised pretties are as follower - 0.75 -0.25 P1) - 0.419 PU) -0.581 (a) Construct a decision tree assuming that the company will it make the decision of whether to send the manuscript out for review and then the decision to accept orrect the actor each blank, enter the probability associated with the event.) Decision Tree Description 350 Accept -150 Favorable Rot Review 850 Acero - 150 UNA Rated ( Construct a decision tree assuming that the company will first make the decision of whether to send the manuscript out for review and then the decision to accept or reject the manuscript (For each bank, enter the probably associated with the event.) Decontre Description A decision tres begins a decision node 1 and an upper and lower branch extend from this mode to the right. The upper branch, labeled Review stops chance de 2 and an upper and lower branch extend from this node to the night. The lower branch, labeled "Do Not Review.stops at decision node 3 and an upper and lower branch extend from this node to the right. The upper branch extending from chance node 2 labeled "Favorable has an antwer blank beneath it, and stops at decision mode 4. The lower branch Branding from chance de 2 is labeled " Uvorable has an answer bank beneath it, and stops at decision de 5. The upper branch extending from decision mode 4 labeled "Accept" stops at chance node 7 and the lower branch, labeled ect." ends at a value of 0. The upper branch extending from decision mode , labeled "Accept to chance de 8 and the lower branch, labeled "Rezect." ends at a value of 0. The upper branch extending from decision mode 3, labeled "Accept" stop at chance node 6 and an upper and lower branch extend from this code to the right. The lower branch, tablett, ends at a value of 0. From top to bottom, the furthest right chance des are 7 and Each mode has an upper branch and lower branch. Each upper branchstabeled Success" has an awer bank beneath and ends ata a 850. Each lower branch is labeled 'Yature has an awer bank beneath , and ends at a vito-150 (b) ning the art review proces tren, wing the expected value approach, determine the optimal decision strategy Alert Demand set Review, and then always accept dan contacte News cerest (c) costs $5.000, what is your recommendation A Deute.com Revieten was a SioMic and som Camp bewy Wishing Company received a chapter manuscript for a new college textbook. The editor of the college division is familar with the manuscript and estimated 0.6507 probability that the esthook will be such wuccessful profit of $50,000 will be realized. If the company decides to publish the textbook and is unsuccessful loss of $150,000 will occur Before making the decision to accept or reject the manuscript, the editor is considering sending the manuscript out for review. A review process provides either a favorablet or an unfavorable (U) vation of the manuscript. Past experience with the review process suggests probabilities - 0.7 and U) - 0.3 apply. Let the textbook is successful and - the texthook unsuccessful. The editor's Initial probabilities of , and will be revised based on whether the review is tovable or unfavorable. The revised pretties are as follower - 0.75 -0.25 P1) - 0.419 PU) -0.581 (a) Construct a decision tree assuming that the company will it make the decision of whether to send the manuscript out for review and then the decision to accept orrect the actor each blank, enter the probability associated with the event.) Decision Tree Description 350 Accept -150 Favorable Rot Review 850 Acero - 150 UNA Rated ( Construct a decision tree assuming that the company will first make the decision of whether to send the manuscript out for review and then the decision to accept or reject the manuscript (For each bank, enter the probably associated with the event.) Decontre Description A decision tres begins a decision node 1 and an upper and lower branch extend from this mode to the right. The upper branch, labeled Review stops chance de 2 and an upper and lower branch extend from this node to the night. The lower branch, labeled "Do Not Review.stops at decision node 3 and an upper and lower branch extend from this node to the right. The upper branch extending from chance node 2 labeled "Favorable has an antwer blank beneath it, and stops at decision mode 4. The lower branch Branding from chance de 2 is labeled " Uvorable has an answer bank beneath it, and stops at decision de 5. The upper branch extending from decision mode 4 labeled "Accept" stops at chance node 7 and the lower branch, labeled ect." ends at a value of 0. The upper branch extending from decision mode , labeled "Accept to chance de 8 and the lower branch, labeled "Rezect." ends at a value of 0. The upper branch extending from decision mode 3, labeled "Accept" stop at chance node 6 and an upper and lower branch extend from this code to the right. The lower branch, tablett, ends at a value of 0. From top to bottom, the furthest right chance des are 7 and Each mode has an upper branch and lower branch. Each upper branchstabeled Success" has an awer bank beneath and ends ata a 850. Each lower branch is labeled 'Yature has an awer bank beneath , and ends at a vito-150 (b) ning the art review proces tren, wing the expected value approach, determine the optimal decision strategy Alert Demand set Review, and then always accept dan contacte News cerest (c) costs $5.000, what is your recommendation A Deute.com Revieten was a
