19 (26 points in total) Given the following payoff table : Expected Value (EMV) Altematives 1 2 3 Column Max States of Nature A B P(A)=0.2 P(B)=0.8 $5,000 $1,000 $1,500 $2,000 $2,500 $3,500 $5000 $3500 $1800 $1900 $3500 $3800 19-g. Calculate EVPI. EVPI =$_ 19-h. If the information provider would charge $200 for the perfect information, then are you be willing to pay for it? (Choose one) a. Yes b. No. 19-i. (4 points) (19-1-1) If you think the probability that the additional information is perfect is 90%, then what would be the value of the additional information (EVAI)? (Show your calculations and result) EVAI= (19-1-2) If the information provider would charge $200 for the perfect information, do you think it would be a good deal to pay the $200 to buy the information? (Choose one) b. No a. Yes 19 (26 points in total) Given the following payoff table : Expected Value (EMV) Altematives 1 2 3 Column Max States of Nature A B P(A)=0.2 P(B)=0.8 $5,000 $1,000 $1,500 $2,000 $2,500 $3,500 $5000 $3500 $1800 $1900 $3500 $3800 19-g. Calculate EVPI. EVPI =$_ 19-h. If the information provider would charge $200 for the perfect information, then are you be willing to pay for it? (Choose one) a. Yes b. No. 19-i. (4 points) (19-1-1) If you think the probability that the additional information is perfect is 90%, then what would be the value of the additional information (EVAI)? (Show your calculations and result) EVAI= (19-1-2) If the information provider would charge $200 for the perfect information, do you think it would be a good deal to pay the $200 to buy the information? (Choose one) b. No a. Yes