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Task 2-0 (one grading point): Students should structure and present their Assignment 2 as a Managerial Report. The expected length of the main body (tasks
Task 2-0 (one grading point): Students should structure and present their Assignment 2 as a Managerial Report. The expected length of the main body (tasks 2-1 to 2-4) is up to 3 pages in APA format, excluding the cover page, table of content, executive summary (Task 2-5), and appendices (screenshots of the Payoff Table, EMV Table, Sensitivity Analysis Diagram, TreePlan Diagram of the Decision Tree). Students have to submit two documents: (i) a Managerial Report (word file) and (ii) an excel file with completed worksheets for each one of the tasks below. Task 2-1 (two grading points): Prepare payoff tables and develop a sketch of a decision tree for this problem (identify the events and decision nodes; don't show probabilities and EMVs on your drawing of the decision tree). Task 2-2 (two grading points): Given the probability of all three economic conditions and using expected monetary values (EMVs), calculate EMVs for each node and answer the questions: (i) What's the EMV for not hiring a business analyst and the EMV for hiring a business analyst? (ii) What is your recommendation for the final decision: to consider or not the probabilities, as given by the business analyst? Tasl 2-3 (two grading
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