Question: 3 points Consider the following problem for the payoff table (Costs) with four decision alternatives and three states of nature: 51 p=0.12 8 S2 p=0.23

3 points Consider the following problem for the

3 points Consider the following problem for the payoff table (Costs) with four decision alternatives and three states of nature: 51 p=0.12 8 S2 p=0.23 34 S3 pa 54 D1 D2 38 D3 1 12 16 61 29 46 D4 22 42 What is the expected value of perfect information (EVPI) ($) for the 4 alternatives? (Flint: You can calculate the Expected value with perfect information (EVwPI) = (1+0.12+22"0.23+29*(1-0.1 2-0.23))) Write your answer in 2 Decimal places Click Sav and submit to save and submit. Click Save ATLANT to save all answers Save Ni Nswer QUESTION 10 Question: Consider the following payoff table ($) 51 S2 S3 D1 26 15 11 D2 8 11 31 D3 37 25 2 What is the value ($) of best decision alternative under Regret criteria? Click Save and Submit to save and submit. Click Save all Answers to save all answers. Savi

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