Exhibit 21-4
Below you are given a payoff table involving two states of nature and three decision alternatives. The probability of the occurrence of S 1 = 0.3.
-Refer to Exhibit 21-4. The expected value of perfect information is
A)1.5
B)1.2
C)1.0
D)4.8

Question

Exhibit 21-4
Below you are given a payoff table involving two states of nature and three decision alternatives.  The probability of the occurrence of S 1 = 0.3.
-Refer to Exhibit 21-4. The expected value of perfect information is
A)1.5 
B)1.2 
C)1.0 
D)4.8

Quizplus · Accepted Answer

The Answer of Exhibit 21-4
Below you are given a payoff table involving two states of nature and three decision alternatives.  The probability of the occurrence of S 1 = 0.3.
-Refer to Exhibit 21-4. The expected value of perfect information is
A)1.5 
B)1.2 
C)1.0 
D)4.8

Exhibit 21-4 Below You Are Given a Payoff Table Involving Two States