Question
Just answer problem and put letter beside answer.
1/3 1/3 Payoff 1 Payoff 2 Payoff 3 1/3 4 0.30 Payoff 4 0.50 Payoff 5 Alternative A 0.20 Payoff 6 9 PayOff 7 2 1/3 1/3 1/3 Pay
2 3 4 5 6 7 Payoff 1 $ 3 8 9 10 11 12 13 14 5 4 3 2 5 5 4 -2 5 1 4 7 ul a) The value at node 4 is b) The value at node 8 is (
0 0
Add a comment Improve this question Transcribed image text
Answer #1

= 5+ 10 = 5+ bet = 5 = 8-33 X 0.20 10 3 (a) Value at Node 4. 1 x payoff 1 + x payoff 2 + 4x pay off3 + 1x pay off 4 = $x(3) +Now we have Alternative B.

Value at Node 18 - 13 = 6.5 2 • Value at Alternative A 2 Value at Alternative B. Hence Best decision is to select Alternative

Add a comment
Know the answer?
Add Answer to:
Just answer problem and put letter beside answer. 1/3 1/3 Payoff 1 Payoff 2 Payoff 3...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT