(15 points) 20 minutes on slide QUESTION 7 Expected value Applied to Business Application Assuming the following Cost decision tree, h answer the following questions: 0.755 100 0.25 5. 300 0.7 F 0.75 Tree is developed to answer whether to send the manuscript for review and then what decision alternative to choose. 400 d 96.25 200 Review 0.4 . 100 Showing all the relevant calculations, state the decision strategy. (8 points) d. (8) 0.6 300 0.3 U . What is the expected value of perfect information? (3 points) 0.45 400 d. 0.6 % 200 . What is the worth of information that the 0.8 : 100 consultant will provide for the company? (4 points) d 0.2% 300 No Review 0.85 400 d (11) 0.2% 200