Value at Node 1: 0.33*5+0.33*(-2)+0.33*(5) = 2.64
Payoff 4 = 2
a) Value at node 4= max (Node 1, Payoff 4)
So, value at node 4 is 2.64
Value at node 7 = 0.3*2.64 + 0.5*9+ 0.2*2 =5.692
Value at node 2 = 0.33*(5)+0.33*(-5)+0.33*(3)=0.99
Value at node 5 = max (node 2, payoff 10)= max (0.99,4) = 4
Value at node 3 = 0.5*(7)+0.5*(6)=6.5
Value at node 6 = max (node 3, payoff 12)= max (-3,6.5) = 6.5
b. Value at node 8 = max (node 5, node 6) = max (4, 6.5) = 6.5
Value at node 8 = 6.5
c) Best decision between alternative A and B is max between value at node 7 (5.692) and value at node 8 (6.5) .
Hence, the best decision is alternative B.
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* Question Completion Status: QUESTION 2 Given is a Decision Tree Diagram. The Payoffs 1-14 are...
Question Completion Status: Given is a Decision Tree Diagram. The Payoffs 1-14 are given in the table below. Answer questions a, b, and e. 1/3 1/3 1/3 Payoff 1 Payoff 2 Payoff 3 0.30 Payoff 4 0.50 Payoff 5 Alternative A 0.20 PayOff 6 9 1/3 1/3 PayOff 7 Payoffs Payoff 1/3 5 Alternative B 0.30 Payoff 10 0.50 8 Payoff 11 0.20 Payoff 12 1/2 6 Payoff 13 1/2 Payoff 14 Click Save and submit to save and submit....
QUESTION 2 Given is a Decision Tree Diagram. The Payoffs 1-14 are given in the table below. Answer questions a, b, and c. 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 1/3 1/3 PayOff 7 PayOff 8 2 1/3 PayOff 9 Alternative B 5 0.30 Payoff 10 0.50 (8 Payoff 11 0.20 PayOff 12 1/2 6 PayOff 13 1/2 PayOff 14 1 3 5 7 8...
Given is a Decision Tree Diagram. The Payoffs 1-14 are given in
the table below. Answer questions a, b, and c.
Payoff
1
2
3
4
5
6
7
8
9
10
11
12
13
14
$
7
-4
5
2
7
4
5
-3
5
3
3
2
8
6
a) The value at node 4 is
b) The value at node 8 is (in 1 decimal place)
c) The best course of action or decision is to...
Given is a Decision Tree
Diagram. The Payoffs 1-14 are given in the table below. Answer
questions a, b, and c.
Payoff
1
2
3
4
5
6
7
8
9
10
11
12
13
14
$
7
-4
5
2
7
4
5
-3
5
3
3
2
8
6
a) The value at node 4 is
b) The value at node 8 is (in 1 decimal place)
c) The best course of action or decision is to...
please show answers clearly
Given is a Decision Tree Diagram. The Payoffs 1-14 are given in the table below. Answer questions a, b, and c 1/3 1/3 1/3 Payoff 1 Payoff 2 Payoff 3 Payoff 4 0.30 0.50 Payoffs Alternative A Payoff 6 0.20 1/3 1/3 1/3 Payoff 7 Payoffs Payoff 9 Alternative B 5 0.30 Payoff 10 0.50 Payoff 11 0.20 Payoff 12 1/2 6 Payoff 13 1/2 Payoff 14 3 7 Payoff 1 $ 2 6 4 -4...
Given is a Decision Tree
Diagram. The Payoffs 1-14 are given in the table below. Answer
questions a, b, and c.
Payoff
1
2
3
4
5
6
7
8
9
10
11
12
13
14
$
5
-2
5
2
9
2
5
-5
3
4
4
-3
7
6
a) The value at node 4 is ___
b) The value at node 8 is ____ (in 1 decimal place)
c) The best course of action or...
QUESTION 3 Given is a Decision Tree Diagram. The Payoffs 1-14 are given in the table below. Answer questions a, b, and c. 1/3 1/3 1/3 PayOff 1 PayOff 2 Pa yoff 3 PayOff 4 0.3 0.50 Payoff 5 Alternative A 0.20 PayOff 6 9 1/3 1/3 1/3 Pa yOff 7 Pa yoff 8 PayOff 9 Alternative B 0.30 PayOff 10 0.50 PayOff 11 0.20 PayOff 12 Pa yOff 13 PayOff 14 1/2 6 3 1/2 Pavoff 1 2 3...
Given is a Decision Tree Diagram. The Payoffs 1-14 are given in the table below. Answer questions a, b, and c. 1/3 1/3 Payoff 1 Payoff 2 PayOff 3 1/3 4 0.30 Payoff 4 0.50 Payoffs Altem ative A 0.20 PayOff 6 9 1/3 1/3 1/3 PayOff 7 PayOff 8 PayOff 9 Alternative B 0.30 Payoff 10 0.50 8 Payoff 11 0.20 Payoff 12 1/2 6 Payoff 13 1/2 Payoff 14 4 5 6 9 Payoff 1 $ 6 الحان...
Given is a Decision Tree Diagram. The Payoffs 1-14 are given in the table below 1/3 1/3 0.50 PayOff s Altem ative A Payoff s 1/3 1/3 Altem atre Payoff 10 0.50 0.20 1/2 Payoff 14 a) The value at node 1 is b) The value at node 3 is c) The value at node 5 is (in 1 decimal place) (in 1 decimal place) in 1 decimal place) d) The value at node 7 isin 1 decimal place) (in...
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 PayOff 8 PayOff 9 Alternative B 5 0.30 Payoff 10 0.50 18 Payoff 11 0.20 PayOff 12 1/2 6 Payoff 13 3 1/2 PayOff 14 2 3 4 5 6 7 Payoff 1 $ 3 8 9 10 11 12 13 14 5 4...