Business, 08.10.2019 16:10, mykalwashington
Mary decker is suing the manufacturer of her car because of a defect that she believes caused her to have an accident, and kept her out of work for a year. she is suing the company for $3.5 million. the company has offered her a settlement of $700,000, of which mary would receive $600,000 after attorneys’ fees. her attorney has advised her that she has a 70% chance of winning her case. if she loses she will incur attorneys’ fees and court costs of $75,000. if she wins she is not guaranteed her full requested settlement. her attorney believes that there is a 40% chance she could receive the full settlement, in which case mary would get $2 million after her attorney takes his cut, and a 60% chance that the jury will award her a lesser amount of $1,000,000, of which mary would get $500,000. using a decision-tree analysis, decide if mary should sue the manufacturer.
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Mary decker is suing the manufacturer of her car because of a defect that she believes caused her to...
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