Question: Please perform an analysis of the problem facing the Greg Umanski Studio, and prepare a report that summarizes your findings and recommendations. Include the following

Please perform an analysis of the problem facing the Greg Umanski Studio, and prepare a report that summarizes your findings and recommendations. Include the following items in your report: 1. A (simple) decision tree that shows the logical sequence of the decision problem given the Klein CGI research information is not available. 2. A recommendation regarding what project Greg Umanski should choose if the Klein CGI Inc. analysis is not available. 3. A decision strategy that Greg Umanski should follow if the research is conducted based on the posterior probabilities and a revised decision tree. 4. A recommendation as to whether Greg Umanski should employ Klein CGI Inc., along with the detailed decision policy, the value of the information provided by the research firm (find both EVPI and EVSI) and the efficiency of this information.

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