Question

Consider the following payoff table that represents the profits earned for each alternative (A, B, and...

Consider the following payoff table that represents the profits earned for each alternative (A, B, and C) under the states of nature S1, S2, and S3.
S1 S2 S3
A $60 $145 $120   
B $75 $125 $110
C $95 $85 $130

Refer to the payoff table. What is the expected value of perfect information (EVPI)? Assume P(S1) = 0.5 and P(S2) = 0.25. (Points : 2)
Math   Statistics-And-Probability   
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