Instruction 17-3
The following payoff matrix is given in dollars.
Suppose the probability of Event 1 is 0.5 and Event 2 is 0.5.
-Referring to Instruction 17-3,the expected value of perfect information (EVPI)is
A)300.
B)600.
C)400.
D)0.

Question

Quizplus · Accepted Answer

The Answer of Instruction 17-3
The following payoff matrix is given in dollars.
Suppose the probability of Event 1 is 0.5 and Event 2 is 0.5.
-Referring to Instruction 17-3,the expected value of perfect information (EVPI)is
A)300.
B)600.
C)400.
D)0.

Instruction 17-3 The Following Payoff Matrix Is Given in Dollars