Question: Calculate EV and EVPI using the following payoff table, which depicts the profits earned by each alternative under different state of nature and calculate EV

Calculate EV and EVPI using the following payoff table, which depicts the profits earned by each alternative under different state of nature and calculate EV and EVPI. Outcomes Alternatives Status 1 Status 2 Status 3 A1 $60 $145 $120 A2 $75 $125 $110 A3 $95 $85 $130 Probabilities 0.5 0.2

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