Question: 100 300 le 4 400 5 200 Based on this decision tree, do you recommend the studyor not? Why? What is the best decision? Explain.

100 300 le 4 400 5 200 Based on this decision
100 300 le 4 400 5 200 Based on this decision tree, do you recommend the studyor not? Why? What is the best decision? Explain. (Provide the decision Strategy) Assume the payoffs to be the travel time, which is desired to be minimized. Market Research . 100 41 300 400 Please show all the calculations and all the steps in reaching the best decision. 3 200 11 100 e P(F) = 0.7 P/s11F) =0,85 P(S2|F) = 0.15 P(51) = 0.6 PLU) = 0.3 P(511) = 0.5 P(S2) = 0,5 P/s2) = 0.4 300 No Market Research 5 400 200

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