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The National Sales Manager for "I Colored This" (ICT) T-Shirts

question 71

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The national sales manager for "I colored this" (ICT) T-shirts provides all salespersons with the payoff table shown next, giving the estimated profit when a retailer purchases from one to four dozen T-shirts. The probability of demand for each state of nature is also shown. The national sales manager for  I colored this  (ICT)  T-shirts provides all salespersons with the payoff table shown next, giving the estimated profit when a retailer purchases from one to four dozen T-shirts. The probability of demand for each state of nature is also shown.   What is the value of perfect information if the expected payoff is $180? A)  0 B)  96 C)  120 D)  150 What is the value of perfect information if the expected payoff is $180?


Definitions:

Interest Rate

The rate at which borrowers are charged interest for the money they lend from a creditor.

Antique

An item of considerable age valued for its aesthetic or historical significance.

Pleasure

A feeling of happiness, satisfaction, or enjoyment derived from experiences or activities.

Interest Rate

The proportion of a total amount of money levied for borrowing it, usually communicated as a yearly rate.

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