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In the Following Profit Table, Di Represents Decision Variables and Si

Question 11

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In the following profit table, di represents decision variables and Si represents states of nature. In the following profit table, d<sub>i</sub> represents decision variables and S<sub>i</sub> represents states of nature. a.If management assigns probabilities as follows: S<sub>1</sub> = 0.15; S<sub>2</sub> = 0.25; S<sub>3</sub> = 0.40; and S<sub>4</sub> = 0.20, determine the expected value for d<sub>2</sub>. b.Determine the expected value for d<sub>3</sub>. c.Assuming the largest expected value for a decision variable is 24.00, determine the value of perfect information.
a.If management assigns probabilities as follows: S1 = 0.15; S2 = 0.25; S3 = 0.40; and S4 = 0.20, determine the expected value for d2.
b.Determine the expected value for d3.
c.Assuming the largest expected value for a decision variable is 24.00, determine the value of perfect information.

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a.12.25
b....

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