Analyze the following decision tree After determining the missing probabilities identify

Question

Analyze the following decision tree. After determining the missing probabilities, identify which alternative (Option 1 or Option 2) has the higher expected payoff. What is the expected payoff?

A) Option 1, with an expected payoff of less than $25

B) Option 1, with an expected payoff of $25 or more

C) Option 2, with an expected payoff of less than $25

D) Option 2, with an expected payoff of $25 or more

Answer

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