Question

What is the expected value with perfect information of the following decision table?


States of Nature
Alternatives S1 S2
p .4 .6
Option 1 10,000 30,000
Option 2 5,000 45,000
Option 3 -4,000 60,000

A) 5,000

B) 10,000

C) 40,000

D) 60,000

E) 70,000

Answer

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