Question: Can you please clarify why the answer is not a 1 5 . Given the following decision tree for a two - stage ( decision
Can you please clarify why the answer is not a Given the following decision tree for a twostage decision project to enter a joint venture, find the best alternatives among aa in the figure and their expected values. The outcomes shown are revenues and the investment expenses are in parentheses. Node represents the situation where alternative a was chosen, and then the top outcome with a percent probability occurred; note that there is no choice of alternative if the percent probability outcome occurred. Similarly with Node rnGiven the following decision tree for a twostage decision project to enter a joint venture, find the best alternatives among aa in the figure and their expected values. The outcomes shown are revenues and the investment expenses are in parentheses. Node represents the situation where alternative a was chosen, and then the top outcome with a percent probability occurred; note that there is no choice of alternative if the percent probability outcome occurred. Similarly with Node
Revenue
Question Points:
What is the least favorable alternative?
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