If He Feels the Chances of Low, Normal, and High

question 57

Multiple Choice

If he feels the chances of low, normal, and high precipitation are 30%, 20%, and 50% respectively, what is his expected value of perfect information?

• A)$140,000
• B)$170,000
• C)$285,000
• D)$305,000
• E)$475,000

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