Question: Payoff 1 2 3 4 5 6 7 8 9 10 11 12 13 14 $ 5 6 4 -4 6 6 -3 6 8

Payoff

1

2

3

4

5

6

7

8

9

10

11

12

13

14

$

5

6

4

-4

6

6

-3

6

8

4

8

3

4

3

a) The value at node 4 is Blank 1

b) The value at node 8 is Blank 2 (in 1 decimal place)

c) The best course of action or decision is to select the alternative Blank 3 Payoff 1 2 3 4 5 6 7 8 9 10

PayOff 1 PayOff 2 PayOff 3 PayOff 4 PayOff 5 PayOff 6 PayOff 7 PayOff 8 Payoff 9 PayOff 10 PayOff 11 PayOff 12 PayOff 13 PayOff 14

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