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The sum of the entries on the main diagonal of this table indicates that the consultant's forecast is correct about 32.25% of the time overall.

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The sum of the entries on the main diagonal of this table indicates that the consultant's forecast is correct about 32.25% of the time overall. 1. 2. 3. What is the EMv of the optimal decision without the consultant's assistance Construct a decision tree to analvze the problem if the consultant is hired at zero dollars Construct the conditional probability table showing the probabilities of various actual demands given the forecasted demand What is the EM'v' with the oonsultant's free assistance Suppose the utility function for the CEO of Morleyr can be approximated at by the exponential function : le}=1-e(exponential will} Where the risk tolerance value R=1DD Convert the pavoff matrix to utility values

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