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Given the Following Payoff Table and Probabilities for Each State

Question 84

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Given the following payoff table and probabilities for each state of nature,answer the questions below. Given the following payoff table and probabilities for each state of nature,answer the questions below. Probabilities: P(S<sub>1</sub>)= .2 P(S<sub>2</sub>)= .5 P(S<sub>3</sub>)= .3 Find the expected value of perfect information. Probabilities: P(S1)= .2 P(S2)= .5 P(S3)= .3
Find the expected value of perfect information.

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