Instruction 17-2
the Following Payoff Table Shows Profits Associated with a Set

question 84

Multiple Choice

Instruction 17-2
The following payoff table shows profits associated with a set of three alternatives under two possible events.
$\begin{array} { c r r r } States & A 1 & A 2 & A 3 \\\hline 1 & 12 & - 2 & 8 \\2 & 4 & 10 & 5\end{array}$
where: $\quad S 1$ is event $1 \quad A 1$ is action alternative 1
$\quad\quad\quad\quad S 2$ is event $2 \quad A 2$ is action alternative 2
$\quad\quad\quad\quad\quad\quad\quad A 3$ is action alternative 3
-Referring to Instruction 17-2,if the probability of S1 is 0.5,then the expected value of perfect information (EVPI) for the payoff table is

• A)-3.
• B)8.
• C)3.
• D)11.

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Definitions:

Pregnancy

The period during which a woman carries a developing fetus inside her womb, usually lasting around 40 weeks from the last menstrual period.

Ejaculated

The process of expelling semen from the body, usually accompanying orgasm in males.

Myometrium

The middle, thick, muscular layer of the uterus.

Serous Fluid

A clear, watery bodily fluid that lubricates and reduces friction between tissues, such as in the lining of internal body cavities.