3 decision tree analysis 25 points consider the following case then an
3. Decision Tree Analysis (25 points) Consider the following case, then answer the following question. Be sure to show all of your work clearly. You are considering purchasing a machine for production. A brand-new version of this machine costs $250,000 and is guaranteed to run correctly for the next 3 years. However, you know that a nearby company is selling an older version of this machine "as-is"for $100,000. There's a 70% chance that it will run correctly for the next 3 years. If it runs correctly, no maintenance is required. If it doesn't run correctly,maintenance costs are estimated at $65,000/year. Considering the next 3 years, which machine should you purchase?а.
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