Melissa Rossi, Product Manager at National Consumers, Inc.(NCI) , is evaluating alternatives for introducing a new package for toothpaste.She has identified four alternative markets, and has constructed the following table which shows NCI's rewards (in $1,000,000's) for various levels of acceptance by the markets and their probabilities.
The expected value of perfect information is ________.
A) $420,000
B) $570,000
C) $660,000
D) $720,000
E) $890,000
Correct Answer:
Verified
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