the next round of the garne. If you do not answurr correctly. you foefcit half the misney in your pot and exit the gane with the othor half. If you answor all three euestions correctly. you bef to knep all the money in your pot fivhich would be 57000 at that point. What strategy should you purtuc? Q3: Entertainment Industry You hepervent him groduction conpwy owns the rights to a seript for a rem-com wovie. They estimate that the striet wodid cost $30 million to mabe the a movie. which would have a 35 chance af beire a hit. If the resultine. milison in revervie. The company a comiderle hirine a seript consdlant to the het opinion of the scilot, but her services are exuerishe: she would churge 50.5 mallon to review the script. She wil cenoke an opinion of either "Aaverablex" or "onfivorable". The compary's experience h that the consultant rateb rom-eom seglots "favorable" sow of the time, and reripts that she rates as 'Iavorable' have a tox probsbility of being hits. Seridts she rates as "unlavorable'. huve only a tow. chance of belns hits. Acconding to the EMV craderion. What Showld twe production cowpany do? Make the icript into a fin? Moandon the project? Or hire the scrlipt consultant and then decide? ith the corepamy abondors the grojoct. it will have no further reverus or costs! in addition to fanding the optimal policy and CMrV for this grotiene, cakulate the CVst of hiring the script censultari. Also. cadculate the EVPI in this situation. Show your wosk in arivine at tach number