5 million her answer is the appropriate utility value

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: winning the case, in which case she would receive $5 million in damages. If she loses the case, she gets nothing. Moreover, if she loses the case, there is a 50% chance that the judge would also order Meredith to pay for court expenses and lawyer fees for MusicMan (an additional $1 million cost). Music Man Software has offered Meredith $1.5 million to settle this case out of court. 6 a. Construct and use a decision tree to determine whether Meredith should go to court or accept the settlement offe...
View Full Document

This document was uploaded on 01/31/2014.

Ask a homework question - tutors are online