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Power Company a Payoff Table for a Power Company Is Shown

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Power Company
A payoff table for a power company is shown below: Power Company A payoff table for a power company is shown below: The following prior probabilities are assigned to the states of nature: P(s<sub>1</sub>)= 0.3,P(s<sub>2</sub>)= 0.7. ​ ​ -{Power Company Narrative} What is the expected value of perfect information? The following prior probabilities are assigned to the states of nature: P(s1)= 0.3,P(s2)= 0.7. ​ ​
-{Power Company Narrative} What is the expected value of perfect information?

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EVPI = EPPI − EMV* = ...

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