Answer:
The total payoff is $50000
Explanation:
solution
The payment is represented at a certain point in a circular format.
This reflects the cumulative results and their probabilities.
The total payoff point is
total payoff = 0.5 × $100,000 + 0.5 × 0
total payoff = $50000
It indicates that the best decision would be the cancer lab, as it presents the highest expected return of 60000
