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# Review the Solving a Decision Tree lecture and use the same approach illustrated. You need to choose between two gambles.

Review the Solving a Decision Tree lecture and use the same approach illustrated.

You need to choose between two gambles. In the first gamble you have a 30% chance of receiving \$100, a 50% chance of receiving \$75, and a 20% chance of receiving \$20. In the second gamble, you have a 40% chance of receiving \$80, a 40% chance of receiving \$60, and a 20% chance of receiving \$50. Draw a decision tree to represent the problem. Solve the problem by rolling back the decision tree.

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