Suppose that Gregg could obtain perfect information so that he can accurately predict whether it will rain
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Suppose that Gregg could obtain perfect information so that he can accurately predict whether it will rain far enough before the concert so that he could book the band only if needed. How much would he expect to earn, knowing that he will eventually have this perfect information? How much does he gain by having this perfect information?
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i Determine how much Gregg would earn if he had perfect information in each state of nature If Gregg ...View the full answer
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