Given the Following Table, Calculate the Expected Value of Perfect

question 37

Short Answer

Given the following table, calculate the expected value of perfect information.
$\begin{array}{c|ccc|c}\hline &\text { Low } & \text { Medium } & \text { High } & \text { Expected } \\&\text { Demand } & \text { Demand } & \text { Demand } & \text { Value } \\\hline \text { Small } \mathrm{d}_{1} & \$ 400 & \$ 400 & \$ 400 & \$ 400 \\\text { Medium } \mathrm{d}_{2} & \$ 100 & \$ 600 & \$ 600 & \$ 500 \\\text { Large } \mathrm{d}_{3} & \$ 300 & \$ 300 & \$ 900 & \$ 450 \\\hline \text { Probability } & 0.20 & 0.35 & 0.45 & \\\hline\end{array}$

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Definitions:

Invading Organisms

Pathogens, such as bacteria, viruses, and parasites, that enter the body and cause various diseases or infections.

Antigens

Substances that provoke an immune response, including the production of antibodies, when detected by the body.

Lymph Nodes

Small, bean-shaped structures that filter lymph fluid and play an essential role in the body's immune response.

Helper T Cells

A type of T cell that plays a central role in the immune response by activating other immune cells.