What Is the Expected Value with Perfect Information of the Following

question 88

Multiple Choice

What is the expected value with perfect information of the following decision table? States of Nature
$$\begin{array} { | c | c | c | } \hline \text { Alternatives } & \mathrm { S } _ { 1 } & \mathrm {~S} _ { 2 } \\\hline \mathrm { p } & .4 & .6 \\\hline \text { Option 1 } & 10,000 & 30,000 \\\hline \text { Option 2 } & 5,000 & 45,000 \\\hline \text { Option 3 } & - 4,000 & 60,000 \\\hline\end{array}$$

• A) 5,000
• B) 10,000
• C) 40,000
• D) 60,000
• E) 70,000

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Definitions:

Hemostasis

The process by which bleeding is stopped through the constriction of blood vessels and clot formation.

Proliferation

Rapid increase or growth, especially in the context of cells in biological systems.

Maturation

The process of becoming mature or fully developed, whether referring to organisms, cells, systems, or psychological development.

Oxygenation

The process of adding oxygen to the body's systems, typically referring to the lungs transferring oxygen into the blood.