Question: Here's a little more complex (multi-stage) gamble. I flip a coin. If it lands on Heads, you win $4. If it lands on Tails, I

Here's a little more complex ("multi-stage") gamble. I flip a coin. If it lands on "Heads," you win $4. If it lands on "Tails," I flip the coin again. If it lands on "Tails" again, you win $12. However, if the second toss lands on "Heads," you lose $24

A. Draw a decision tree illustrating the decision of whether or not to play this gamble.

B. Compute the expected value of the gamble. Hint: The overall probability of occurrence of two independent events (such as coin flips) is the product of their probabilities

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