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

question 71

Multiple Choice

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

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Definitions:

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The systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions.

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