A large decision tree has an outcome branch detailed (next page). If decisions D1, D2, and D3
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A large decision tree has an outcome branch detailed (next page). If decisions D1, D2, and D3 are all options in a 1-year period, find the decision path that maximizes the outcome value.
There are specific investments necessary for decision nodes D1, D2, and D3, as indicated on eachbranch.
Transcribed Image Text:
Value, S 30 0.9 D3 Investment 0.4 100 $50 0.1 0.6 -50 DI $80 Value $ 0.3 0.3 0.4 $25 0.5 0.5 200 1 D2$30 $20
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Maximize the value at each decision node D3 Top Evalue 30 Bottom Evalu...View the full answer
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