Question: For the remaining questions, consider the following setting. We only need one design, and have available two alternative designs A and B. Assume that it

For the remaining questions, consider the

For the remaining questions, consider the

For the remaining questions, consider the following setting. We only need one design, and have available two alternative designs A and B. Assume that it costs $20 to test A, and it costs $14 to test B. We expect that, upon testing A, the outcome will be $80 with 40% chance, or will be $10 with remaining 60% chance. And on testing B, the outcome will be $60 with 50% chance, or will be $0 with remaining 50% chance. Question 3 5 pts The net expected value, if you chose to test only design A, is Question 4 5 pts The net expected value, if you chose to test only design B, is Question 8 5 pts Using a decision-tree, find the expected value from testing A and then testing B (if needed) Question 9 5 pts Using a decision-tree, find the expected value from testing B and then testing A (if needed)

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