What Is the Expected Value of Perfect Information of the Following

question 66

Multiple Choice

What is the expected value of perfect information of the following decision table?
$$~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~{ \text { States of Nature } } \\\begin{array} { | l | c | c | } \hline \text { Alternatives } & \mathrm { S } _ { 1 } & \mathrm {~S} _ { 2 } \\\hline \mathrm { p } & .6 & .4 \\\hline \text { Option 1 } & 200 & 300 \\\hline \text { Option } 2 & 50 & 350 \\\hline\end{array}$$

• A) 0
• B) 20
• C) 50
• D) 150
• E) 200

---

Definitions:

Pressing or Rolling Operation

A manufacturing process where metal is shaped by pressing or rolling, often used for forming sheets, plates, or profiles.

Fit Symbol

Symbols used in engineering to specify the type of fit between two mating parts; typically defines tolerance and type such as clearance or interference.

Thread Representation

A method in technical drawings to indicate the detailed characteristics of thread on a part, including major diameter, pitch, and thread form.

Loosest Threads

The threads within a fastening system that have the highest tolerance, allowing for easier engagement or disengagement.