Below you are given an income payoff table involving three decision alternatives and two states of nature. The probability of the occurrence of s₁ = .3. The expected value of perfect information is A) 1.5. B) 1.2. C) 4.2. D) 4.8.

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The Answer of Below you are given an income payoff table involving three decision alternatives and two states of nature. The probability of the occurrence of s₁ = .3. The expected value of perfect information is A) 1.5. B) 1.2. C) 4.2. D) 4.8.

Below You Are Given an Income Payoff Table Involving Three