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Solve the problem by rolling back the decision tree

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Reference no: EM13310040

Solving a Decision Tree

You need to choose between two gambles. In the first gamble you have a 30% chance of receiving $100, a 50% chance of receiving $75, and a 20% chance of receiving $20. In the second gamble, you have a 40% chance of receiving $80, a 40% chance of receiving $60, and a 20% chance of receiving $50. Draw a decision tree to represent the problem. Solve the problem by rolling back the decision tree.

Logically design the diagram.

  

Used chance nodes and decision nodes to solve the decision tree.

  

 

 


Attachment:- 332881_1_SU-BUS3101-w2-a2-tree-diagram.doc

Reference no: EM13310040

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