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Exhibit 21-1 Below You Are Given a Payoff Table Involving Two States

Question 62

Multiple Choice

Exhibit 21-1
Below you are given a payoff table involving two states of nature and three decision alternatives. Exhibit 21-1 Below you are given a payoff table involving two states of nature and three decision alternatives. The probability of occurrence of S<sub>1</sub> = 0.2. -Refer to Exhibit 21-1. The expected value of perfect information is A) 6.2 B) 2.0 C) 13.6 D) 4.8 The probability of occurrence of S1 = 0.2.
-Refer to Exhibit 21-1. The expected value of perfect information is


A) 6.2
B) 2.0
C) 13.6
D) 4.8

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