a) Value at node 4 = Value at Node 1 + Payoff 4 = [(1/3)*[Payoff 1 +Payoff 2+Payoff 3]]+Payoff 4
Value at node 4 = [1/3*(-3+4+6)]+2 = 13/3 = 4.33
b) Value at node 8 = [0.3*node 5]+[0.5*Payoff 11]+[0.2*node 6]
Value at node 8 = [0.3*(node 2+Payoff 10)]+[0.5*(4)]+[0.2*(Payoff 12+node 3)]
Node 8 = [0.3*((1/3)*(-4+5+5)+8)]+2+[0.2*(5+(1/2)*(9+4)))] = 3+2+2.3 = 7.3
Value at node 8 = 7.3
c) To find best course of actions or decision, we need to calculate value at node 7 as well.
Node 7 = [0.3*node 4]+[0.5*Payoff 5]+[0.2*Payoff 6] = [0.3*13/3)+[0.5*7]+[0.2*3] = 2.8+1+0.8 = 5.4
Value at node 7 = 5.4
Hence, the best alternative is to Alternative B with a payoff value of 7.3
QUESTION 3 Given is a Decision Tree Diagram. The Payoffs 1-14 are given in the table...
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...
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...
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 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....
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...
* Question Completion Status: 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 Payoff 1 1/3 Payoff 2 1/3 4 Payoff 3 Payoff 4 0.30 0.50 Payoff 5 Alternative A 0.20 Payoff 6 9 1/3 1/3 Payoff 7 PayOff 8 PayOff 9 1/3 Alternative B 5 0.30) PayOff 10 0.50 Payoff 11 0.20 PayOff 12 1/2 6 Payoff 13 1/2 PayOff 14 ta demit Clint...
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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...