Question: Please perform an analysis of the problem facing the J ean-Jacques Boachon Pharmaceutical Company (Boachon), and prepare a report that summarizes your ndings and recommendations.


Please perform an analysis of the problem facing the J ean-Jacques Boachon Pharmaceutical Company (Boachon), and prepare a report that summarizes your ndings 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 CMRC research information is not available. 2. A recommendation regarding what Boachon should do if the CMRC information is not available. 3. A decision strategy that Boachon should follow if the research is conducted based on the posterior probabilities and a revised decision tree. 4. A recommendation as to whether Boachon should employ CMRC, along with the value of the information provided by the research rm and the efficiency of this information. Use Excel TreePlan to construct both decision trees. Include the details of your analysis as well as the TreePlan output as an appendix to your report
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