Question: please show your mathematical solution . that part i can use. (30p) A pharmaceutical company is developing a new vaccne. If company markets the vaccine

please show your mathematical solution . that

please show your mathematical solution . that part i can use.

(30p) A pharmaceutical company is developing a new vaccne. If company markets the vaccine and it is successful, it will earn a $40,000 profit; if it fails, the company will lose $25,000. In the past, the success rate of similar products has been around 45%. An R\&D study on effectiveness can be carried out at an additional cost of $4,000. If the study result is favorable, there is an 85% chance that the vaccine will be successful. If not, there is only a 20% chance that the product succeeds in the market. The management believes that study will yield a favorable result with 55% possibility. Determine company's optimal strategy by building a decision tree and find the expected value of sample information (EVSI) as well as expected value of perfect information (EVPI)

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