The quality control manager for NKA Inc.must decide whether to accept (alternative 1),further analyze (alternative 2),or reject (alternative 3)an incoming shipment (lot)of microchips.The historical data indicate that there is a 30 percent chance that the lot is poor quality (S1),50 percent chance that the lot is fair quality (S2),and 20 percent chance that the lot is good quality (S3).Assume the following payoff table is available.The values in the payoff table are in thousands of dollars. 
What is the maximum amount that the quality control manager would be willing to pay for perfect information?
Definitions:
Q6: When making a decision in an environment
Q10: If = .0139 and 25 shipments of
Q28: The alternatives 1 and 2 in the
Q49: When using <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2569/.jpg" alt="When using
Q51: The actual counts in the cells of
Q60: Which of the following time series forecasting
Q61: If the population from which we sample
Q67: A local tire dealer wants to predict
Q75: The multiple coefficient of determination is the
Q119: When preparing a price index based on