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Using the final decision tree shown below to answer the following questions. $11.24 m $6.75 m Develop electric-powered design Develop gas-powered design Do not develop

Using the final decision tree shown below to answer the following questions.

$11.24 m $6.75 m Develop electric-powered design Develop gas-powered design Do not develop the product


Question 1: The table below shows the payoff for the food processor decision with three corresponding utility 

$11.24 m $6.75 m Develop electric-powered design Develop gas-powered design Do not develop the product Success $11.24 m 0.75-$3 m Failure $10 m Success 0.6 Failure 0.4 0.25 A Abandon project -$3.1 m Modify design $15 m $5.6 m $5.6 m Modify design Abandon project Success -$3 m Failure 0.3 Success -$7 m 0.7 -$7m 0.8 Failure -$6 m -$10 m 0.2 -$12 m

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