Question: Given is a Decision Tree Diagram. The Payoffs 1-14 are given in the table below. Answer questions a, b, and c. a) The value at
Given is a Decision Tree Diagram. The Payoffs 1-14 are given in the table below. Answer questions a, b, and c.


a) The value at node 4 =
b) The value at node 8 is = (in 1 decimal place)
c) The best course of action or decision is to select____
PLEASE ANSWER CAREFULLY
\begin{tabular}{|l|l|l|l|l|l|l|l|l|l|l|l|l|l|l|l|l|l|l|l|l|l|l|l|l|l|} \hline Pay off & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 & 9 & 10 & 11 & 12 & 13 & 14 \\ \hline$ & 6 & 6 & 5 & 4 & 6 & 7 & 3 & 7 & 8 & 5 & 8 & 4 & 4 \\ \hline \end{tabular}Step by Step Solution
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