Answer the following questions using the information provided below and the decision tree. P(s1)(1)= 0.36 P(F)()= 0.70 P(s1F)(1)= 0.50 P(s1U)(1)= 0.24 a) What is the expected value of the optimal decision without sample information? $ b) If sample information is favourable(F)(), what is the expected value of the optimal decision? $ c) If sample information is unfavourable(U)(), what is the expected value of the optimal decision? $ d) What is the expected value with sample information,EVwithSI? $ e) CalculateEVS_____? $ f) Based on yourEVSI, should you pay $160 for the sample information?

• yes
• no