Question: You are asked to choose between two projects, A or B based on the highest gain ( or the lowest loss ) . A will
You are asked to choose between two projects, A or B based on the highest gain or the lowest lossA will cost $ and B will cost $There is a chance that project A will be successful, which will result in a gain of $ If project A fails, there will be a loss of $There is a project B will be successful, and that will result in a $ gain. If Project B fails, there will be a loss of $Based on this information, what is the value of the best alternative?Based on above information; Prepare a detailed decision tree with all calculations. Ensure you indicate the option you will opt in this case scenario.
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