5 million her answer is the appropriate utility value

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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...
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