1/3 PayOff 1 1/3 1 PayOff 2 1/3 PayOff 3 4 0.30 PayOff 4 0.50 7 PayOff 5 Alternative A 0.20 PayOff 6 9 1/3 PayOff 7 1/3 2 PayOff 8 1/3 PayOff 9 Alternative B 5 0.30, PayOff 10 0.50 8 PayOff 11 0.20...

Given is a Decision Tree Diagram. The Payoffs 1-14 are given in the table below. Answer questions a, b, and c.

Payoff	1	2	3	4	5	6	7	8	9	10	11	12	13	14
$	6	-3	5	5	8	5	5	-1	5	4	5	2	7	5

a) The value at node 4 is (        )


b) The value at node 8 is (         )  (in 1 decimal place)

c) The best course of action or decision is to select alternative (       )

Extracted text: 1/3 PayOff 1 1/3 1 PayOff 2 1/3 PayOff 3 4 0.30 PayOff 4 0.50 7 PayOff 5 Alternative A 0.20 PayOff 6 9 1/3 PayOff 7 1/3 2 PayOff 8 1/3 PayOff 9 Alternative B 5 0.30, PayOff 10 0.50 8 PayOff 11 0.20 PayOff 12 1/2 PayOff 13 3 1/2 PayOff 14