38. The mininum EOL is a decision problem will always a exceed the EVPI h be less than the EVPL qual the EVPL equal the EMV 39. Acicular node in a decision tree is called a(n) node a chance brando c. decision & Event 40. A company is planning a plast expansion. They can build a large or small plant. The payoffs for the plant depend on the level of consumer demand for the company's products. The company believes that there is an 6% chance that demand for their products will be high and a 31% chance that it will be look The company can pay a market research firms to survey consumer attitudes towards the company's products. There is a 63% chance that the customers will like the products and a 37% chance that they wt. The payoff matrix and costs of the two plants are listed below. The company believes that if the survey is favorable there is a 92% chance that demand will be high for the products. If the survey is unfavorable there is only a 30% chance that the demand will be high. The following decision tree has been buik for this problem. The company has computed that the expected monetary value of the best decision without sample information is 154.35 million What is the EVSI for this problem (in million Factory Size Large Demand High 200 Small 100 Low Plant Cost (million $5 10 95 2 High Deman 300 But Lange P Low Demand0.00 26 High 00 P Budare Low Demand Conduct High Dema Lage Plast 100 75 11.07 6.26.18 1093 180x Demo High Demand030 90