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A Student Is Planning a Trip Home for the Holidays

Question 108

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A student is planning a trip home for the holidays and has three options: car, train, or jet. The decision depends on if the weather is good or bad. In addition, the student estimated the costs for each option. The payoff table follows. A student is planning a trip home for the holidays and has three options: car, train, or jet. The decision depends on if the weather is good or bad. In addition, the student estimated the costs for each option. The payoff table follows. What is the value of perfect information? What is the value of perfect information?

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