3:14 PM csepub.com Verizon Based on the below decision tree and the ollowing pro

Question

3:14 PM csepub.com Verizon Based on the below decision tree and the ollowing probabilities answer the below question Probability of an improving economy is 0.56 When you have an improving economy the probability of high demand is 0.7 When you have a not improving economy the probability of high demand is 0.26 Decision alternative State of Nature Payoft High Demand Low Demand 200 1400 A. Expand Improvine Eccnommy High Demand 1800 1700 B Outsource PG High Demand Low Demand C. Expand F. Not mproving D. Outsource High Demand What is the value of F? Answer Format: Number: Round toc 2 decimal places. Enter Answer Here.. Submit Answer

Explanation / Answer

Probability of not improving economy, F = 1 - P(improving economy) = 1 - 0.56 = 0.44

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