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Exhibit 21-2 Below You Are Given a Payoff Table Involving Three States

Question 1

Multiple Choice

Exhibit 21-2
Below you are given a payoff table involving three states of nature and two decision alternatives. Exhibit 21-2 Below you are given a payoff table involving three states of nature and two decision alternatives. The probability that S<sub>1</sub> will occur is 0.1; the probability that S<sub>2</sub> will occur is 0.6. -Refer to Exhibit 21-2. The expected value of perfect information equals A) 12 B) 4 C) 37 D) 29 The probability that S1 will occur is 0.1; the probability that S2 will occur is 0.6.
-Refer to Exhibit 21-2. The expected value of perfect information equals


A) 12
B) 4
C) 37
D) 29

Correct Answer:

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