Question: URGENT 2. For Question 1, suppose that the decision maker believes that the probability of state of nature s is 0.3 and the probability of

URGENT

2. For Question 1, suppose that the decision maker believes that the probability of state of nature s is 0.3 and the probability of state of nature s2 is 0.7. Complete the following: a. Draw a decision Tree. b. Use the expected value approach to determine an optimal decision

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