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The Following Is a Payoff Table Giving Profits for Various

question 55

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The following is a payoff table giving profits for various situations. The following is a payoff table giving profits for various situations.   The probabilities for states of nature A, B, and C are 0.3, 0.5, and 0.2, respectively.If a perfect forecast of the future were available, what is the expected value of perfect information (EVPI) ? A) 166 B) 0 C) 36 D) 40 The probabilities for states of nature A, B, and C are 0.3, 0.5, and 0.2, respectively.If a perfect forecast of the future were available, what is the expected value of perfect information (EVPI) ?


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