Analyze the Following Decision Tree

question 38

Multiple Choice

Analyze the following decision tree.After determining the missing probabilities,identify which alternative (Option 1 or Options 2) has the higher expected payoff.What is the expected payoff? .

• A)Option 1,with an expected payoff of less than $35
• B)Option 1,with an expected payoff of no less than $35
• C)Option 2,with an expected payoff of less than $35
• D)Option 2,with an expected payoff of more than $35

---

Definitions:

Democratic Party Split

Refers to divisions within the Democratic Party, often caused by ideological differences, policy disputes, or clashes between personalities, impacting party unity and electoral strategies.

Slavery In The Territories

A contentious pre-Civil War issue in the United States, centered around whether new territories should allow slavery, impacting the balance of power between free and slave states.

Popular Sovereignty

Program that allowed settlers in a disputed territory to decide the slavery issue for themselves; most closely associated with Senator Stephen A. Douglas of Illinois.

Abraham Lincoln

The 16th President of the United States, who served from 1861 until his assassination in 1865, known for leading the country during the Civil War and abolishing slavery.