Posted: January 9th, 2017

1: At a decision point in a simple decision tree, which machine would you select to maximize payoff?

At a decision point in a decision tree, which machine would you select when trying to maximize payoff when the anticipated benefit of selecting machine A is $45,000 with a probability of 90%;

The expected benefit of selecting machine B is $80,000 with a probability of 50%; and the expected benefit of selecting machine C is $60,000 with a probability of 75%?