Use the Following Decision Tree to Answer the Next Question

Multiple Choice

Use the following decision tree to answer the next question.

-Consider the decision tree above. If the probability of Event 1 is 30% and the probability of Event 2 is 70%, which decision alternative should the decision maker choose?

A) Decision 1
B) Decision 2
C) Either decision; they both have the same expected value.
D) Neither; more information is needed to make an accurate assessment.