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

Given is a Decision Tree DiagramThe Payoffs 1-14 are given in the table below. Answer questions a, b, and c. 1/3 1/3 1/3 Payon 1 Payon 2 Payon Payon 4 050 Payons Alternative 0.20 Payon 6 1/3 1/3 Payon? Payoffs Payon Alternative 0.30 Payot 10 0.50 Payon 11 0.20 Payot 12 1/2 Payon 13 1/2 Payot 14 6 7 8 9 Payoff 1 2 3 7 14 5 415 2 7 10 11 12 13 14 453533286 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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