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The Expected Monetary Value Without Information Is $2,500, and the Expected

Question 89

Multiple Choice

The expected monetary value without information is $2,500, and the expected monetary payoff with perfect information is $5,000.The expected value of perfect information is ____________.


A) $7,500
B) $2,500
C) $1,500
D) $2,000
E) $1,250

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