Draw an appropriate decision tree showing payoffs

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Reference no: EM131260648

Leah Johnson, director of Urgent Care of Brookline, wants to increase capacity to provide low-cost flu shots but must decide whether to do so by hiring another full-time nurse or by using part-time nurses. The table below shows the expected costs of the two options for three possible demand levels.

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a) Using expected value, what should Ms. Johnson do?

b) Draw an appropriate decision tree showing payoffs and probabilities.

Reference no: EM131260648

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