[Solved] Lingerie Store The following table displays the payoffs (in thousands of dollars)for five different decision alternatives under three possible states of nature for a new Lingerie store: The prior probabilities of the states of nature are: P(s 1 )= 0.2,P(s 2 )= 0.3,and P(s 3 )= 0.5. -{Lingerie Store Narrative} Calculate the expected value of perfect information. Enforcing: The act of compelling observance of or compliance with a law, rule, or obligation. Communications Decency Act: A 1996 U.S. law aiming to regulate pornography on the Internet, significant for its impact on online speech and censorship. Supreme Court: The highest judicial court in the United States, which has the ultimate appellate jurisdiction over all federal and state court cases involving issues of federal law. First Amendment: Part of the Bill of Rights that protects freedoms of speech, religion, press, assembly, and petition in the United States.