The construction manager for ABC Construction must decide whether to build single family homes, apartments, or condominiums. He estimates annual profits (in $000) will vary with the population trend as follows:

What is his expected value of perfect information?
A) $187,000
B) $132,000
C) $123,000
D) $65,000
E) $55,000

Question

The construction manager for ABC Construction must decide whether to build single family homes, apartments, or condominiums. He estimates annual profits (in $000) will vary with the population trend as follows:

What is his expected value of perfect information?

What is his expected value of perfect information?
A) $187,000 
B) $132,000 
C) $123,000 
D) $65,000 
E) $55,000

Quizplus · Accepted Answer

The Answer of The construction manager for ABC Construction must decide whether to build single family homes, apartments, or condominiums. He estimates annual profits (in $000) will vary with the population trend as follows:

What is his expected value of perfect information?
A) $187,000 
B) $132,000 
C) $123,000 
D) $65,000 
E) $55,000

The Construction Manager for ABC Construction Must Decide Whether to Build