Question: Given is a Decision Tree Diagram. The Payoffs 1-14 are given in the table below. Answer questions a, b, and c. 13 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. 13 Payoff 1 1/3 Payoff 2 Payoff a 1/3 Payoff 4 0.39 0.50 Payoffs Alternative A 0.20 Payoff 6 1/3 1/3 1/3 Payon Payoffs Payoff 9 Alternative B 5 0.30 0.50 Payon 10 Payon 11 0.20 1/2 Payon 12 Payoff 13 1/2 Payor 14 n 3 4 6 8 9 Payoff 1 $ 8 NIN ul 7 8 10 | 11 | 12 | 13 | 14 6 5 5 -2 2 3 6 4 4 6 -4 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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