Multiple Choice
A decision maker's worst option has an expected value of $2,550, and the decision maker's best option has an expected value of $4,750. With perfect information, the expected value would be $6,000. What is the expected value of perfect information?
A) $2,200
B) $4,250
C) $3,450
D) $1,250
E) $650
Correct Answer:
Verified
Correct Answer:
Verified
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