Question: 3. A decision tree is provided. Payoff ($ millions) (5) Large Market 5.0 Produce & Market (5) Low Mit -3.0 (5) Large Market Develop Product

3. A decision tree is provided. Payoff ($ millions) (5) Large Market 5.0 Produce & Market (5) Low Mit -3.0 (5) Large Market Develop Product Sell Idea 3.0 (15) Low Mit 0 Lease for Royalty (5) Large Market 1.8 Sell Idea Company A (-5) Low Mt. 1.0 (.5) Large Market Company B 5.0 (-5) Low Mt. -1.0 1 1.0 a b) Calculate Expected value at every node. What is the optimum decision? If your risk tolerance is 50, what is the best decision

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