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The Following Payoff Table (In Thousands of Dollars) Considers Three

Question 82

Multiple Choice

The following payoff table (in thousands of dollars) considers three possible levels of demand in a housing complex.If there is a 45% chance that the demand level will be low, 30% that it will be medium and 25% chance that it will be high, what is the expected value of perfect information?
The following payoff table (in thousands of dollars) considers three possible levels of demand in a housing complex.If there is a 45% chance that the demand level will be low, 30% that it will be medium and 25% chance that it will be high, what is the expected value of perfect information? A) $208.75 B) $225 C) $310 D) $326.25 E) $535


A) $208.75
B) $225
C) $310
D) $326.25
E) $535

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