Question: ruct a Decision Tree To construct a decision tree, we need to outline the possible decisions and outcomes. Here are the steps: Decision Node: Start

ruct a Decision Tree To construct a decision tree, we need to outline the possible decisions and outcomes. Here are the steps: Decision Node: Start with the decision to either conduct the market study or not. Chance Nodes: For each decision, outline the possible outcomes (favorable or unfavorable market). Outcomes: Calculate the financial outcomes for each scenario. Decision Tree Structure: Decision 1: Conduct Market Study (Cost: R15,000) Outcome 1.1: Favorable Study (P = 0.55) Outcome 1.1.1: Favorable Market (P = 0.82) Profit: R120,000 - R15,000 = R105,000 Outcome 1.1.2: Unfavorable Market (P = 0.18) Loss

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