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Probabilities of occurrence of these results are as follows R1 0. 5 R2 0. 2 R3 0. 2 R4 0. 1 The matrix of pay-off between the decision and the results is indicated below D1 D2 D3 D4 R1 R2 R3 R4 Show this decision situation in the form of a decision tree and indicate the most preferred decision and corresponding expected value. When the decision has been made events may lead such that any of the four results may occur. The results are R1 R2 R3 and R4. Now consider this with a simple example....

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