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A Decision Maker Has Prepared the Following Decision Tree

Question 41

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A decision maker has prepared the following decision tree.There are two main decision alternatives (A and B).The probabilities for the states of nature are as follows: P(H)= .3,P(M)= .5,P(L)= .2,P(S)= .25,P(P)= .75.Calculate the highest expected profit for the decision maker and determine which of the two alternatives he/she should select. A decision maker has prepared the following decision tree.There are two main decision alternatives (A and B).The probabilities for the states of nature are as follows: P(H)= .3,P(M)= .5,P(L)= .2,P(S)= .25,P(P)= .75.Calculate the highest expected profit for the decision maker and determine which of the two alternatives he/she should select.

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Choose option A,EMGA = 61.3 blured image EMG1 = (.25)(...

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