Question: Decision tree - basic problem setting Please solve the following decision tree to maximize the expected payoff. $100K N 60% Down $120K 65% 35% $75K

Decision tree - basic problem setting Please
Decision tree - basic problem setting Please
Decision tree - basic problem setting Please
Decision tree - basic problem setting Please
Decision tree - basic problem setting Please solve the following decision tree to maximize the expected payoff. $100K N 60% Down $120K 65% 35% $75K UP 40% $55K Down 30% $95K 70% $65K This question refers to "Decision tree - basic problem setting" for information needed to answer the questions, The optimal course of decisions is: at decision node 1, we should choose (Select] at decision node 2. we should choose [Select] This question refers to "Decision tree - basic problem setting" for information needed to answer the questions The optimal expected payoff of the decision tree is: $ K. (Please conduct all calculations with the precision of two decimal places after the dot.) Please report your result in 000's. For example, if you result is $500K report "500" in the space provided.) Question 20 2 pts This question refers to "Decision tree - basic problem setting" for information needed to answer the questions. The optimal expected payoff at decision node 2 is: $___K. (Please conduct all calculations with the precision of two decimal places after the dot.) (Please report your result in 000's. For example, if you result is $500K, report "500" in the space provided.)

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