Question: 1 . Create a decision tree for this problem. 2 . What decision should Larry Junior make according to the EMV criterion? 3 . What

1. Create a decision tree for this problem.
2. What decision should Larry Junior make according to the EMV criterion?
3. What is the minimum settlement offer Larry Junior should accept according to the EMV criterion?
4. What would you do if you were Larry Junior?
5. If you were advising Larry Junior, what other issues might you want to consider in making this decision?

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