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19-12-2022
Business

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The expected profit associated with this decision tree is $300 0.4 $200 0.6 $0 $400 0.3 $100 0.7 Selected Answer: & $70 Correct Answer: $240 Response Feedback: For each circle, calculate the expected value of the branches (multiply each value with its probability, then get the sum of the products). For each rectangle, choose the branch with the greatest value.

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