Question: Decision Tree 2 You need to procure a specialized part that will go into pacemakers. Your intent is to procure this item and resell it

Decision Tree 2 You need to procure a specialized
Decision Tree 2 You need to procure a specialized part that will go into pacemakers. Your intent is to procure this item and resell it to pacemaker manufacturers. Suppose you can select between an overseas supplier who can supply you at a cost of $10 per unit and a local supplier who can supply you at a cost of $11 per unit. The products are identical and you expect to sell 10,000 units at a price of $20. If you fail to deliver any product, you will incur a loss in goodwill of $75,000. The likelihood of the local supplier to deliver is 99% and the likelihood of the overseas supplier to deliver is 98%. Which supplier will you choose, the overseas supplier or local supplier? Use a decision tree to make your determination

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