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Joseph Biggs owns his own sno-cone business and lives 30 miles from a Prince Edward Island beach resort. The sale of sno-cones is highly dependent on his location and on the weather. At the resort, his profit will be $120 per day in fair weather, S10 per day in bad weather. At home, his profit will be 580 in fair weather and $45 in bad weather. Assume that on any particular day, the weather service suggests a 50% chance of foul weather. a) The correct decision tree for Joseph is shown in b) To maximize the return, for selling the sno-cone’s, Joseph’s decision should be to use the Expected monetary value for Joseph is $(enter your answer as a whole number). FIGURE 1 resort Fair(0.50) 10 65 120 Foul(0.50) 65 Fair(0.50) 80 62.5) 45 home Foul(0.50) FIGURE 2 resort Fair(0.50) 120 62.5) 10 Foul(0.50) 65 Fair(0.50) 80 65 home 45 Foul(0.50) FIGURE 3 resort Fair(0.50) 120 65 10 Foul(0.50) 65 Fair(0.50) 80 62.5) 45 home Foul(0.50)