Question: Olico must determine whether or not tool for all in the South China Sea. It costs $90.000 to all for otis found the revenue is

Olico must determine whether or not tool for all

Olico must determine whether or not tool for all in the South China Sea. It costs $90.000 to all for otis found the revenue is estimated to be $700.000. At present olca belever there is a 40% chance that the field contains ol. Before doing Olco can hire (for $20.000) a geologist to obtain more information about the mood that the field wa contino. There ha 70% chance that the geologist will be a favorable report and a so chance of an unfavorable report, Olven a favorable report on os chance that he had contains al Civen an unfavorable report triere la 10chance that the field contains all Determine the optimal stay. The expected pro H and EVP What is the optimal strategy 100 Select one O. Hre a geologht, it favorable report then it unfavorable report, then do not all Ob Don't a geologist and don't dll Cic. Don't be a geologist and dir d. He a geologist. Il favorable roport, then don't drat: unfavorabo report then del

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