In Exercise 19.9, assume that the team has a 0.6 probability of winning, a 0.3 probability of losing, and a 0.1 probability for a tie game. Which alternative should Dave select if he wishes to maximize his expected payoff, and what is the expected value of perfect information?
In exercise

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The Team Wins $0 $800 $1600 Ties $0 $200 $300 Loses Order no shirts Order 1000 shirts Order 2000 shirts S0 -$200 -$400