Multiple Choice
Analyze the following decision tree. After determining the missing probabilities, identify which alternative (Option 1 or Option 2) has the higher expected payoff. What is the expected payoff?
A) Option 1, with an expected payoff of less than $25
B) Option 1, with an expected payoff of $25 or more
C) Option 2, with an expected payoff of less than $25
D) Option 2, with an expected payoff of $25 or more
Correct Answer:

Verified
Correct Answer:
Verified
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