Question: I NEED THIS PROBLEM ANSWERED CORRECTLY PLEASE Decision Analysis Case Problem: Property Purchase Strategy The decision tree for the oceanview decision problem is shown below.
Decision Analysis Case Problem: Property Purchase Strategy The decision tree for the oceanview decision problem is shown below. Note that the final outcome of and whether the zoning change is approved or rejected by the voters occurs after Oceanview decides to bid then wins the bid otherwise, the outcome of the vote on the zoning change does not enter into the problem. Payoff Approvea 1,985,000 Highest Bid Zonin 515,000 ejec est Bid -15,000 Not Hi Approval Do Not Bid 15,000 Approved 1985.000 Highest Bid Market 10 Rejected -515,000 Bid Predicts Not H Bid -15,000 Rejection Do Not Bid 15,000 Zoning 2,000,000 Approved Highest Bid Rejected .500 Bid No Market Not Highest Bid Do Not Bid Payoff values are the profit computed from the given revenue, property cost, construction expenses, property cost deposit and marketing research cost given in the
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