In Exercise 19.10, the probabilities for the three market conditions are estimated as 0.1, 0.6, and 0.3,

Question:

In Exercise 19.10, the probabilities for the three market conditions are estimated as 0.1, 0.6, and 0.3, respectively. Which design should be selected in order to maximize the firm€™s expected profit? What is the most the firm should be willing to pay for a research study designed to reduce its uncertainty about market conditions?
In exercise