A$.3$ Clay Whybark, a suft$-$drink vendor at Hard Rod

Cafe's annual Rockfest, created a lable of conditional values for bige

various alternatives $($stocking decision$)$ and states of nature thiz

of crowd$)$:

The probabilities associated with the states of nature are $0\mathrm{.}3$ for $2$

big demand, $0\mathrm{.}5$ for an average demand, and $(0\mathrm{.}2$ for a small demand

i$)$ Determine the alternative thit provides Clay Whybark the grest

est expected monetary value $($EMV$)$

b$)$ Compute the expected salue of perfect information $($EVPI$).$