Question: 1.) Expected Value With Perfect Information (EVwPl) Expected Value of Perfect Information (EVPI) Small Medium Large Very Large Good Market Fair Market Poor Market Maximax

1.) Expected Value With Perfect Information

1.) Expected Value With Perfect Information (EVwPl) Expected Value of Perfect Information (EVPI) Small Medium Large Very Large Good Market Fair Market Poor Market Maximax Maximin Equal EMV $ 60,000.00 $ 21,000.00 $ (12,000.00) $ 60,000.00 $ (12,000.00) $ 23,000.00 $ 22,770.00 $ 70,000.00 $32,000.00 $ (18,000.00) $ 70,000.00 $ (18,000.00) $ 28,000.00 $ 27,720.00 $ 95,000.00 $ 32,500.00 $ (42,000.00) $ 95,000.00 $ (42,000.00) $ 28,500.00 $28,215.00 $ 280,000.00 $ 24,000.00 $(150,000.00) $ 280,000.00 $(150,000.00) $51,333.33 $50,820.00 0.33 0.33 0.33 a.) EVwPI b.) EVPI Please show me the formula step by step of how you got the EVwPl and EVPI

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