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The Following Is a Payoff Table Giving Profits for Various

Question 55

Multiple Choice

The following is a payoff table giving profits for various situations. The following is a payoff table giving profits for various situations. The probabilities for states of nature A, B, and C are 0.3, 0.5, and 0.2, respectively.If a perfect forecast of the future were available, what is the expected value of perfect information (EVPI) ? A) 166 B) 0 C) 36 D) 40 The probabilities for states of nature A, B, and C are 0.3, 0.5, and 0.2, respectively.If a perfect forecast of the future were available, what is the expected value of perfect information (EVPI) ?


A) 166
B) 0
C) 36
D) 40

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