Use the following decision table to complete parts (a) through (c).

a. Draw a decision tree to represent this decision table.

b. Compute the expected monetary values for each decision and label the decision tree to indicate what the final decision would be.

c. Compute the expected payoff of perfect information. Compare this answer to the answer determined in part (b) and compute the value of perfect information.

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State of Nature s1(.30) s2(.25) s3(.20) s4(.25) 250 400 300 600 100 200 Decision Alternative di 300 –100 - 100 dz