Question: Leah Johnson director of Legal Services of Brookline wants to

Leah Johnson, director of Legal Services of Brookline, wants to increase capacity to provide free legal advice but must decide whether to do so by hiring another full-time lawyer or by using part-time lawyers. The table below shows the expected costs of the two options for three possible demand levels:


(a) Using expected value, what should Ms. Johnson do?
(b) Draw an appropriate decision tree showing payoffs andprobabilities.
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  • CreatedJuly 23, 2013
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