12. The following is a payoff table giving profits for various situations. Alter

Question

12. The following is a payoff table giving profits for various situations.

Alternatives  Satets of Nature

                       A            B          C

Alt-ve 1        100       120       180

Alt-ve 2        200        100       50

Alt-ve 3         120        140      120

Do Nothing     0            0          0

The probabilities for states of nature A, B, and C are 0.3, 0.5, and 0.2, respectively. If a perfect forecast of the future were available, what is the expected value of perfect information (EVPI)?

166

0

36

40

None of these

0.5 -0.5 0.922 There is insufficient information to answer the question. None of these

Explanation / Answer

1-

2-

3-

4-

5-

6-

7-

8-

9-

10-

11-

12-

166

• 0.922

Related Questions

Navigate

• Browse (All)
• Browse 1
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.