Construct a decision tree as the sport marketing manager of the local sports commission and convention and visitors bureau CVB for Jeffersonville clearly showing all values expected values and net profit gain for each considered alternative.

What is your recommendation to the executives?

Task B Marks

You now learn that the new probability for a successful bid for Event A is

Construct a new decision tree that incorporates this new information.

Based on this information, how will your recommendation to the executives change?