Explain the process of developing a decision tree; draw the decision tree (include the decision tree in an appendix showing chance nodes, probabilities, outcomes, expected values, and net expected value); and defend your final decision based on your decision tree.

Explain the process of developing a decision tree; draw the decision tree (include the decision tree in an appendix showing chance nodes, probabilities, outcomes, expected values, and net expected value); and defend your final decision based on your decision tree. Case for consideration—An operations manager for a cereal producer is faced with a choice of: A large-scale investment (A) to purchase a new cooker which could produce a substantial pay-off in terms of increased revenue net of costs but requires an investment of 3,750,000 Saudi Riyal.