Question: (a) Expected Monetary Value (EMV), (b) Expected Payoff under Certainty (EPC), and (c) Exy Perfect Information (EVPI). Please show complete work. 3. The following payoff

(a) Expected Monetary Value (EMV), (b) Expected Payoff under Certainty (EPC), and (c) Exy Perfect Information (EVPI). Please show complete work. 3. The following payoff table refers to PROFITS: (a) Calculate the Expected Monetary Value for the above case. (b) Calculate the Expected Utility for the above case assuming a Utility Value of 0.8 for 35,000

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