What is the expected value of perfect information

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Decision alternative State of nature A B C 1 250 100 25 2 100 100 75 The probabilites for the states of nature are: P(A) = .65....P(B) = .15.....P(C) = .20 i.) what is the optimal value if perfect information were avaaible ii. using the EMV approach what is the recommended decision? what is its expected monetary value? iii. what is the expected value of perfect information.

Reference no: EM13252553

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