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Based on the Following Payoff Table, Answer the Following The Expected Value of Perfect Information Is:
A) ?28

Question 34

Multiple Choice

Based on the following payoff table, answer the following:
 Alternative  High  Medium  Low  A 20205B253011C301213D101212E504028 Prior Probability 0.30.20.5\begin{array} { | l | r | r | r |} \hline { \text { Alternative } } & \text { High } & { \text { Medium } } & { \text { Low } } \\\hline \text { A } & 20 & 20 & 5 \\\hline \mathrm { B } & 25 & 30 & 11 \\\hline \mathrm { C } & 30 & 12 & 13 \\\hline \mathrm { D } & 10 & 12 & 12 \\\hline \mathrm { E } & 50 & 40 & - 28 \\\hline \text { Prior Probability } & 0.3 & 0.2 & 0.5 \\\hline\end{array}
The expected value of perfect information is:


A) ?28.
B) 0.
C) 10.5.
D) 19.
E) 23.

Correct Answer:

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