Solving a Decision Tree
You need to choose between two gambles. In the first gamble you have a 30% chance of receiving $100, a 50% chance of receiving $75, and a 20% chance of receiving $20. In the second gamble, you have a 40% chance of receiving $80, a 40% chance of receiving $60, and a 20% chance of receiving $50. Draw a decision tree to represent the problem. Solve the problem by rolling back the decision tree.
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Logically design the diagram.
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Used chance nodes and decision nodes to solve the decision tree.
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Attachment:- 332881_1_SU-BUS3101-w2-a2-tree-diagram.doc