Activity 2 You are watching a race of 4 people and you are undecided on whether to bet on Gerby or on Jeb. You are considering the following information: Bet on Gerby - It costs P1 to place a bet and you are paid P2 if he wins. Bet on Jeb - It costs P1 to place a bet and you are paid P11 is he wins. You believe that probability of winning for Gerby and Jeb is 70% and 10%, respectively. Required: Draw a decision tree and identify where to place your bet using it.

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