I am trying to figure this out a chance node on a decision tree has four possible outcomes worth $10,000, $20,000, $30, 000 and minus $100,000 respectively. The probabilities of these outcomes occurring are assessed as 10%, 25%, 50%, and 15% correspondingly. Draw the decision tree. What is the expected value of this chance node?© BrainMass Inc. brainmass.com June 3, 2020, 11:33 pm ad1c9bdddf
The expected value of this chance node is determined.