Use the following decision tree to answer the next question.

-Consider the decision tree above. If the probability of Event 1 is 30% and the probability of Event 2 is 70%, which decision alternative should the decision maker choose?
A)Decision 1
B)Decision 2
C)Either decision; they both have the same expected value.
D)Neither; more information is needed to make an accurate assessment.

Question

Use the following decision tree to answer the next question.
 
-Consider the decision tree above. If the probability of Event 1 is 30% and the probability of Event 2 is 70%, which decision alternative should the decision maker choose?
A)Decision 1 
B)Decision 2 
C)Either decision; they both have the same expected value. 
D)Neither; more information is needed to make an accurate assessment.

Quizplus · Accepted Answer

The Answer of Use the following decision tree to answer the next question.
 
-Consider the decision tree above. If the probability of Event 1 is 30% and the probability of Event 2 is 70%, which decision alternative should the decision maker choose?
A)Decision 1 
B)Decision 2 
C)Either decision; they both have the same expected value. 
D)Neither; more information is needed to make an accurate assessment.

Use the Following Decision Tree to Answer the Next Question