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You have just won 10 Million rupees as part of lottery. You want to invest it in an area of you always dreamed. Construct a
You have just won 10 Million rupees as part of lottery. You want to invest it in an area of you always dreamed. Construct a next 10-year decision tree model with a decision choice after every 2 years. Chances of a favorable market after 2,4, 6 and 8 years are 15, 30, 45 and 60 percent.
The cost of conducting a survey to get correct information is Rs 200,000.
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