Question: [ 0 . 5 6 1 Points ] CAMMBA 4 1 5 . E . 0 1 3 . The following payoff table shows profit

[0.561 Points]
CAMMBA415.E.013.
The following payoff table shows profit for a decision analysis problem with two decision alternatives and three states of nature.
The probabilities for the states of nature are P(s1)=0.65,P(s2)=0.15, and P(s3)=0.20.
(a) What is the optimal decision strategy if perfect information were available?
Ifs1 then
Ifs2 then
Ifs3EV=
(d) What is the expected value of perfect information?
EVPI =
[ 0 . 5 6 1 Points ] CAMMBA 4 1 5 . E . 0 1 3 .

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