Question: Consider the following decision tree. What is the expected value at node 4? .40 $3,000 60 -$1,000 $2,500 $2,000 8 $1,800 1200 1800 600 2400

Consider the following decision tree. What is the

Consider the following decision tree. What is the expected value at node 4? .40 $3,000 60 -$1,000 $2,500 $2,000 8 $1,800 1200 1800 600 2400

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