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Solve the following decision tree. Which do you choose (choice 1, 2, 3, or 4)? And if it's 4, what choices do you make after that?

Solve the following decision tree. Which do you choose (choice 1, 2, 3, or 4)? And if it's 4, what choices do you make after that?

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Solve the following decision tree. Which do you choose (choice 1, 2, 3, or 4)? And if it's 4, what choices do you make after that? 0 Choice 1 $100.00 Choice 2 -$50.00 Choice 3 -$25.00 25% Outcome 5 $500 75% Outcome 6 0 25% Outcome 10 $800 25% Outcome 11 $150 35% Outcome 12 $75 15% Outcome 13 -$250.00 0 0 0 0
Transcribed Image Text:Solve the following decision tree. Which do you choose (choice 1, 2, 3, or 4)? And if it's 4, what choices do you make after that? 0 Choice 1 $100.00 Choice 2 -$50.00 Choice 3 -$25.00 25% Outcome 5 $500 75% Outcome 6 0 25% Outcome 10 $800 25% Outcome 11 $150 35% Outcome 12 $75 15% Outcome 13 -$250.00 0 0 0 0
0 Choice 3 -$25.00 Choice 4 -$100.00 $150 35% Outcome 12 $75 15% Outcome 13 -$250.00 Alternative 14 -$75.00 Alternative 15 -$125.00 0 0 0 70% Outcome 16 $1,000 30% Outcome 17 $250.00 Alternative 18 -$200.00 Alternative 19 $50 0 0
Transcribed Image Text:0 Choice 3 -$25.00 Choice 4 -$100.00 $150 35% Outcome 12 $75 15% Outcome 13 -$250.00 Alternative 14 -$75.00 Alternative 15 -$125.00 0 0 0 70% Outcome 16 $1,000 30% Outcome 17 $250.00 Alternative 18 -$200.00 Alternative 19 $50 0 0
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