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The National Sales Manager for "I Colored This" (ICT) T-Shirts

Question 69

Multiple Choice

The national sales manager for "I colored this" (ICT) T-shirts provides all salespersons with the payoff table shown next, giving the estimated profit when a retailer purchases from one to four dozen T-shirts. The probability of demand for each state of nature is also shown. The national sales manager for  I colored this  (ICT)  T-shirts provides all salespersons with the payoff table shown next, giving the estimated profit when a retailer purchases from one to four dozen T-shirts. The probability of demand for each state of nature is also shown.   What is the value of perfect information if the expected payoff is $180? A)  0 B)  96 C)  120 D)  150 What is the value of perfect information if the expected payoff is $180?


A) 0
B) 96
C) 120
D) 150

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