QUESTION Z Expected value Applied to Business Application Assuming the following Profit decision tree, answer the following questions: (15 points) Tree is developed to answer whether to the hire a consultant and then what decision alternative to choose. Pous . Showing all the relevant calculations, state the decision strategy. (8 points) Dosts 4 What is the expected value of perfect information? (3 points) 03 0 What is the worth of information that the consultant will provide for the company? (4 points) POA Don't hire 100 06 100 04 2010 P(F)-0.7 PU) 03 P(51F) = 0.85 P (41 | 0) = 05 P(S21F) = 0.15 P(S2JU)= 0.5 Ps)06 P1204 QUESTION Z Expected value Applied to Business Application Assuming the following Profit decision tree, answer the following questions: (15 points) Tree is developed to answer whether to the hire a consultant and then what decision alternative to choose. Pous . Showing all the relevant calculations, state the decision strategy. (8 points) Dosts 4 What is the expected value of perfect information? (3 points) 03 0 What is the worth of information that the consultant will provide for the company? (4 points) POA Don't hire 100 06 100 04 2010 P(F)-0.7 PU) 03 P(51F) = 0.85 P (41 | 0) = 05 P(S21F) = 0.15 P(S2JU)= 0.5 Ps)06 P1204