Question: Styles Decision Analysis https://youtu be/vdyn Vw801 8 Using Decision Trees for Risk Analysis https://youtu.be/4519909hwy 2. Review the decision tree used to investigate the possibility of

Styles Decision Analysis https://youtu be/vdyn Vw801 8 Using Decision Trees for Risk Analysis https://youtu.be/4519909hwy 2. Review the decision tree used to investigate the possibility of producing and marketing a new device. Answer the questions that follow. Purchase CAD $388,000 64 High sales $2,500,000 Revenue -1,000,000 Mig cow ($40 X 25,000) 500.000 CAD cost $1,000,000 Nel 10 Low sales $300,000 320.000 -500.000 -$20.000 Revenue Mig cost (S40 X 8.000) CAD COSE Not loss Hire and train engineers $365.000 Mig los $2,500,000 Rover 1.250.000 Mfg. Cost 550 25.000) 375.000. He and train cost 5876.000 Nel 06) TOS $300.000 000.000 3751000 $25.000 Rever Mig cost 550 K 8.000 Hire and train cost Net De nothing 50 SONG 3. List the decisions represented in the decision tree 4. How is the optimal decision determined? 5. What does $388,00 represent in the decision tree? What does $365,000 represent in the decision tree? Focus 7. What is the optimal decision? 8. Submit this document for grading. Use the Assignment Link on Blackboard. 9. Post any questions on this assignment to Discussion 3

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