A Decision Maker's Worst Option Has an Expected Value of $2,550

question 17

Multiple Choice

A decision maker's worst option has an expected value of $2,550, and the decision maker's best option has an expected value of $4,750. With perfect information, the expected value would be $6,000. What is the expected value of perfect information?

• A)$2,200
• B)$4,250
• C)$3,450
• D)$1,250
• E)$650

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Definitions:

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Allergy immunotherapy is a treatment aimed at desensitizing the immune system to specific allergens to reduce the severity of allergic reactions.

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Oxygen

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