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The Following Is a Payoff Table Giving Profits for Various

Question 32

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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 E) None of the above 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
E) None of the above

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