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The decision tree below offers two alternatives, A & B. The probability of the first state of nature is given by p. What is

The decision tree below offers two alternatives, A & B. The probability of the first state of nature is given by p. What is the range of p for which you would select alternative B? A B p 0.5 0 p < 0.25 0.25 p < 0.75 p 0.25 0 p

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