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The ABC television network is deciding whether to launch a new show. It will earn $400K if the show is a hit and loses $100K on a op. Of all the shows launched by the network, 25% turn out to be hit. For $40K, a market research rm will have an audience View pilot prospective of the show and give its View about whether the show will be a hit or op. If the show is actually going to be a hit, there is 90% chance that the rm will predict the show a hit. If the show is actually going to be a op, there is an 80% chance that the rm will predict op. Use decision tree to determine What ABC should do to max expected prots. What is the expected prot? Hint: You need to obtain the following probabilities: P(Hit Prediction), P(op prediction) P(Hit | Hit prediction), P(op | hit prediction), P(Hit | op prediction), P(op | op prediction)