Question: Analyze the following decision tree. Determine the missing probabilities, and identify the alternative that maximizes the expected payoff. $10 (0.7) $30 2 2 Option 1

Analyze the following decision tree. Determine the missing probabilities, and identify the alternative that maximizes the expected payoff. $10 (0.7) $30 2 2 Option 1 (0.3) (0.2) -$20 -$30 $40 1 Option 2 (0.3) 3 -S20 S30 (0.2) $50 (0.5) $20 e Option 1. with an expected payoff of $25 or more Option 1. with an expected payoff of less than $25 O Option 2. with an expected payoff of less than $25 Option 2, with an expected payoff of $25 or more

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