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The following is a sample decision tree is shown below (Note that the information in parentheses is the probability and payoff for a choice followed
The following is a sample decision tree is shown below (Note that the information in parentheses is the probability and payoff for a choice followed by an outcome): Decision Tree Which of the following is true? The expected payoff for option 3 is 30(a b 10c). The expected payoff from choosing either option 1 or 2, each with 50% probability, is 80a 110b 30c. The expected payoff from choosing either option 1 or 2, each with 50% probability, is 40a 55b 15c. The expected payoff from choosing option 1 is 10(10a b c)
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