the senior management asks you provide your recommendation on including COVID-19 coverage into their medical insurance plans. (Current medical cards do not cover Covid-19 treatment/hospitalisation costs). The management wants to know if including this coverage will bring increased sales in medical cards. Plus, they might have the advantage of being the first insurer to do so. Do a risk analysis for this situation using a decision tree using the information provided below: Cost to include the medical coverage is estimated to be RM400000. If they include the coverage and it fails to bring in expected revenue, then their loss is estimated at RM700000. However, if the decision brings increased revenue, the gain is estimated to be RM1.1 million. The analysts have given a failure vs success ratio of 40/60 percent for pursuing this add on. If the management doesnt pursue this add on, they do not spend anything. If revenues drop because they didnt add the Covid19 coverage, loss is estimated to be around RM550000. There is a chance of increased revenue as well even if they do not add on the coverage, estimated around RM300000. Analysts have given failure vs success ratio of 70/30 percent for the option of not pursuing the add on. Provide a recommendation to management based on your decision tree. Include some descriptions on next steps based on your recommendation. For example, if your recommendation is to not proceed with the inclusion, should it be reconsidered later? If yes, when? If your recommendation is to include the coverage, what are probable threshold values to balance the risk with benefit?