Question: 14. After contemplating the caseload question (see the previous problem), the director of social ser- vices has decided that reasonable caseload probabilities are 10 for

14. After contemplating the caseload question (see the previous problem), the director of social ser- vices has decided that reasonable caseload probabilities are 10 for moderate. 30 for high, and.60 for very high. a. Which alternative will yield the minimum expected cost? b. Construct a decision tree for this problem. Indicate the expected costs for the three decision branches c. Determine the expected value of perfect information using an opportunity loss tahle

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