RS Is a Travel Company Providing Daily Tours of a Major

RS is a travel company providing daily tours of a major European capital city. The market is highly competitive and RS has commissioned some market research to help with the pricing decision for a new tour. The research identified the probability of three possible market conditions and the number of tickets that would be sold each day at three different price levels. 11ec37eb_8baa_7979_97b9_2ba8b65631dc__00 Demonstrate, using a decision tree and based on expected value, which ticket price RS should choose.

A) RS should charge a ticket price of $70.
B) RS should charge a ticket price of $80.
C) RS should charge a ticket price of $90.
D) RS should charge a ticket price of $100.
E) RS should charge a ticket price of $75