Question: Q 1: [50] Consider the following decision tree model: Assignment #3 a 100 b (0.7) 300 Profit A -50 c -100 d 200 (0.3) D
Q 1: [50] Consider the following decision tree model: Assignment #3 a 100 b (0.7) 300 Profit A -50 c -100 d 200 (0.3) D 500 E 450 e (0.4) f B C a) How many strategies does this model have? Describe these strategies. b) Solve this decision tree model. c) Draw the RP(S*), CRP(S*), and CCRP(S*), where S* is the optimal strategy. d) For Strategy BC, draw the RP(BC), CRP(BC), and CCRP(BC) and compare BC with S*. e) If you were the decision maker, would you take the solution suggested in b)? Explain.
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