Given that the research is done, what is the expected payoff using Bayes' decision rule (i.e., use the EMV/EP criterion)? Hint: Plot the decision tree, then solve to determine the expected payoff.
a. Depends on the specific values in the decision tree
b. Use of EMV/EP is not applicable in this case
c. The expected payoff is not calculable without more information
d. A specific numerical value calculated from the decision tree