Question: Answer the following questions using the information provided below and the decision tree. a ) What is the expected value of the optimal decision without
Answer the following questions using the information provided below and the decision tree. a What is the expected value of the optimal decision without sample information?
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b If sample information is favourable
F
what is the expected value of the optimal decision?
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c If sample information is unfavourable
U
what is the expected value of the optimal decision?
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