Question: Evaluate the expected value of perfect information that might be obtained from a management consultant for the decision problem depicted in the table given below.

Evaluate the expected value of perfect information that might be obtained from a management consultant for the decision problem depicted in the table given below.

Event⇒ E1 E2 E3 Probability⇒ 0.2 0.4 0.4 Act ⇓
A1 160 150 350 A2 100 400 200 A3 75 50 500

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