Question: With major renovation, at Bascomb's Candy (Problem 1 above) the payoff from a favorable market is $100,000, from an unfavorable market $ 90,000. Minor

With major renovation, at Bascomb's Candy (Problem 1 above) the payoff from a favorable market is $100,000, from an unfavorable market $ − 90,000. Minor renovations and favorable market has a payoff of $40,000 and an unfavorable market $ − 20,000. Assuming that a favorable market and an unfavorable market are equally likely, solve the decision tree.

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