Question: B) The best alternative is ____ whose expected payoff is $___(round to nearest cent) Louisiana is busy designing new lottery scratch-off games. In the latest

B) The best alternative is ____ whose expectedB) The best alternative is ____ whose expectedB) The best alternative is ____ whose expected payoff is $___(round to nearest cent)

Louisiana is busy designing new lottery scratch-off games. In the latest game, Bayou Boondoggle, the player is instructed to scratch off one spot: A, B, or C. A can reveal "Loser," "Win $4," or "Win $25." B can reveal "Loser" or "Take a Second Chance." C can reveal "Loser" or "Win $450." On the second chance, the player is instructed to scratch off D or E. D can reveal "Loser" or "Win $4." E can reveal "Loser" or "Win $20." The probabilities at A are 0.90, 0.09, and 0.01. The probabilities at B are 0.75 and 0.25. The probabilities at C are 0.995 and 0.005. The probabilities at D are 0.4 and 0.6. Finally, the probabilities at E are 0.93 and 0.07. Draw the decision tree that represents this scenario. Use proper symbols and label all branches clearly. Calculate the expected value of this game. Choose the correct decision tree below. O A. B. Loser 0 0 Win $4 Loser (0.90) Win $4 (0.09) Win $25 (0.01) 4 4 Win $25 25 25 Loser Loser (0.75) Loser Loser (0.4) 0 0 1 1 B B Win $4 Win $44 D (0.6) Loser (0.93), 4 Loser 0 Second Chance Win $20 Win $20 20 2 Second Chance (0.25) E Loser (0.995) 30.07)20 E Loser 0 0 Win $450 Win $450 (0.005) -450 -450 OC. OD. 0 0 Loser (0.90) Win $4 (0.09) Win $25 (0.01) Q Loser (0.995) Win $4 (0.00) Win $450 (0.005) 4 4 25 -450 A Loser (0.75) Loser (0.75) 0 0 Loser (0.4) 0 1 1 B B Loser (0.4) 0 Win $4 (0.6) 4 Loser (0.93) 0 2 Second Win $20 Chance (0.25) Loser (0.995) 0 Win $4 DO 0.6) 4 Loser (0.93 2 Second! Win $20 Chance (0.25) 0 0.0720 Loser (0.90) (0.07.20 A 0 Win $450 (0.005). Win $4 (0.09) -450 4

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