2.Assume Y = $2,000. Then, what is the expected value of perfect information?

Group of answer choices

200

640

600

800

160

5. Question: For what value of Y, would we go with Choice 2?

Group of answer choices

1900

1500

1300

1700

None of the others.

Question: What is the probability for state of nature Event A (x) at which you are indifferent between the two decisions?

Group of answer choices

a.0.6

b.0.4

c.0.5

d.0.3

e.0.7

Please refer to the decision tree below and answer the following question. Note: You want to maximize your expected value. Please refer to the decision tree below and answer the following question. Note: You want to maximize your expected value. Please refer to the decision tree below and answer the following question. Note: You want to maximize your expected value. Question: What is the probability for state of nature Event A(x) at which you are indifferent between the two decisions