Consider the following payoff table that represents the profits earned for each alternative (A, B, and C) under the states of nature S1, S2, and S3.

                  S1        S2        S3

       A         $60      $145     $120          

       B         $75      $125     $110

       C         $95      $85       $130

Refer to the payoff table. What is the expected value of perfect information (EVPI)? Assume P(S1) = 0.5 and P(S2) = 0.25. (Points : 2)

       $0
       $11.25
       $15
       $20
       $35

Answer rating: 100% (QA)

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