A company is currently working with a process, which, after paying for materials , labour etc. brings a profit of 12000. The company has the following alternatives-
a) the company can conduct research R1 which is expected to cost Rs 10000 and having 90% probability of success . If successful the gross income will be Rs 26000
b) the company can pay Rs 5000 as royalty of new process which will bring a gross income of Rs 20000
Draw a decision tree and find the optimal strategy for the company.
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