Solved

What Is the Expected Value with Perfect Information of the Following

Question 88

Multiple Choice

What is the expected value with perfect information of the following decision table? States of Nature
 Alternatives S1 S2p.4.6 Option 1 10,00030,000 Option 2 5,00045,000 Option 3 4,00060,000\begin{array} { | c | c | c | } \hline \text { Alternatives } & \mathrm { S } _ { 1 } & \mathrm {~S} _ { 2 } \\\hline \mathrm { p } & .4 & .6 \\\hline \text { Option 1 } & 10,000 & 30,000 \\\hline \text { Option 2 } & 5,000 & 45,000 \\\hline \text { Option 3 } & - 4,000 & 60,000 \\\hline\end{array}


A) 5,000
B) 10,000
C) 40,000
D) 60,000
E) 70,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions