Decision tree has four possible outcomes outcome

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Reference no: EM1391677

A chance node on a decision tree has four possible outcomes Outcome A is worth $100,000 with a probability of 10%; outcome B is worth $125,000 with a probability of 27%; outcome C is worth $75,000 with a probability of 43%; and outcome D is worth -$63,000 with a probability of 20%. What is the value of this chance node?

a) 363,000
b) 237,000
c) 88,600
d) 63,400
e) 50,800

Reference no: EM1391677

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