a. Drop down options are Figure 1, Figure 2, Figure 3

b. Drop down options are home or resort

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Joseph Biggs owns his own ice cream truck and lives 30 miles from a Florida beach resort. The sale of his products is highly dependent on his location and on the weather. At the resort, his profit will be $160 per day in fair weather, $10 per day in bad weather. At home, his profit will be $70 in fair weather and $45 in bad weather. Assume that on any particular day, the weather service suggests a 50% chance of foul weather. a) The correct decision tree for Joseph is shown in b) To maximize the return, for selling ice cream, Joseph's decision should be to use the Expected monetary value for Joseph = $ (enter your answer as a whole number). Joseph Biggs owns his own ice cream truck and lives 30 miles from a Florida beach resort. The sale of his products is highly dependent on his location and on the weather. At the resort, his profit will be $160 per day in fair weather, $10 per day in bad weather. At home, his profit will be $70 in fair weather and $45 in bad weather. Assume that on any particular day, the weather service suggests a 50% chance of foul weather. a) The correct decision tree for Joseph is shown in b) To maximize the return, for selling ice cream, Joseph's decision should be to use the Expected monetary value for Joseph = $ (enter your answer as a whole number).