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The question is in the attachment. Part E: Influence Diagram It is March 2022. A band is scheduling their next concert for November 2022. They
The question is in the attachment.
Part E: Influence Diagram It is March 2022. A band is scheduling their next concert for November 2022. They are deciding whether to confirm their venue as there is a long waiting list for this particular venue. If they do not book it, the concert cannot go ahead. The venue costs $40000 to reserve and this cost cannot be refunded for any reason once confirmed. However, it is uncertain whether there will be social distancing restrictions. At the time they believe the government will do one of the following: ban large gatherings altogether (.6 probability), restrict the number of people that can attend the concert (.3), or allow full concerts (.1). If the concert is allowed to go ahead, they expect to make $300000 from the ticket sales, but if there is a restriction on capacity due to government policy, they will only make a quarter of this amount in ticket sales. Create an influence diagram in AgenaRisk based on the information above and answer the following multiple-choice questions online about it. Question 6 (5 Marks) Select the type of node for each variable listed: Venue Cost Pandemic Restrictions 3 ECS7005P Coursework Ticket Sales Total Utility Confirm VenueStep by Step Solution
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