(b) Analyze the decision tree to determine the optimal decision strategy for the publishing company.
$\bullet$ Select your answer -
Company should accept the manuscript, regardless of the review process.
Company should accept the manuscript, if the review process is favorable.
Company should reject the manuscript, if the review process is unfavorable.
Company should reject the manuscript, regardless of the review process.
(e) If the manuscript review costs \$15,000, what is your recommendation?
$\bullet$ Select your answer -
At a cost of \$15,000, the publishing company should not order the review process.
At a cost of \$15,000, the publishing company should order the review process.
The review process is not necessary, as the manuscript should be rejected, anyway.