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I need a decision tree Consider a scenario in which a college must recruit students. They have...

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Advance Math

I need a decision tree

Consider a scenario in which a college must recruit students.They have three options. They can do nothing. Alternatively, theycould make their own ad campaign, spending $200,000. Their campaignhas an 70% chance of being successful, which would mean bringing in100 new students at $40,000 per student in tuition. Or the collegecould decide to spend $800,000 to hire a social media company to dothe ads. This social media campaign has a 60% chance of beingsuccessful. If it is successful, there is an 75% chance in willbring in 100 new students. If it is not successful, there is a 10%chance it will bring in 100 new students. Otherwise it will bringin no new students. What should the college do to maximize expectedvalue? Show your work including expected values.

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