Question: Consider the decision tree shown below which is for deciding on whether we should do a project. The cost of sample information (X) in Dollars

Consider the decision tree shown below which is

Consider the decision tree shown below which is for deciding on whether we should do a project. The cost of sample information (X) in Dollars is 44. Positive values imply revenue and negative values imply cost. Try to maximize profit.

a) What is the EV(round to the nearest integer), EVSI, EVPI((round to the nearest integer))?

b)Assume that our utility function is defined as .

For how much $cash we would be indifferent between doing this project and receiving that cash? In other words, if we receive more than this value we are willing to give up and not do the project. Assume that on the decision tree shown in Problem 2, X = 226 . Round your answer to the nearest integer.

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