Question: Given is a Decision Tree Diagram. The Payoffs 1-14 are given in the table below. Answer questions a, b, and c 1/3 Payoff 1 1/3

Given is a Decision Tree Diagram. The Payoffs 1-14 are given in the table below. Answer questions a, b, and c 1/3 Payoff 1 1/3 Payoff 2 1/3 Payor 3 0.30 Payor a 0.50 Payores Alterative A 0.20 Payor 6 1/3 1/3 1/3 Payoff 7 Payoffs Payoff Alternative B 5 0.30 0.50 Payot 10 8 Payor 11 0.20 Payoff 12 1/2 Payor 13 1/2 Pavol 14 Payoff 1 $ 6 2 3 4 -355 56 7 8 9 10 11 12 13 14 8 5 5 -1 545 275 a) The value at node 4 is b) The value at node 8 is (in 1 decimal place) c) The best course of action or decision is to select alternative

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