3.Given is a Decision Tree Diagram. The Payoffs 1-14 are given in the table below. Answer...

3.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
$	6	-3	5	5	8	5	5	-1	5	4	5	2	7	5

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 select alternative

Expert Solution

orchestra answered 1 year ago

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