Question: Given the following profit matrix. Draw the decision tree and find: probability (.10) (.20) (.30) (.40) a. Expected Value S1 S2 S3 S4 b. Savage

Given the following profit matrix. Draw the decision tree and find:

probability (.10) (.20) (.30) (.40)

a. Expected Value S1 S2 S3 S4

b. Savage regret minimax A 40 0 30 50

c. EVPI Alternate B -10 80 10 60

C 10 50 60 30

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