Question: 5.0 Solve decision problems under conditions of uncertainty using a systematic approach. 5.1 Construct a decision tree and/or payoff table given a series of decisions,

5.0 Solve decision problems under conditions of uncertainty using a systematic approach.

5.1 Construct a decision tree and/or payoff table given a series of decisions, events, and the likelihood of the events occurring.

5.2 Determine the maximum expected payoff given a payoff table or decision tree.

5.3 Determine the value of perfect information given a payoff table.

This is the entire unit of mathematical models. we have to make ppt on this. Please explain only 5.3 part in detail. Decision tree needs to make.

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