Question: Consider the following pay-off table where the rows (D1, D2, D3) represent the decisions and the columns (E1, E2, E3) represent the events. The probability
Consider the following pay-off table where the rows (D1, D2, D3) represent the decisions and the columns (E1, E2, E3) represent the events. The "probability" row provides the probability of each event happening. A negative value means a loss.
| E1 | E2 | E3 | |
| D1 | 0 | 500 | 1200 |
| D2 | 200 | 400 | 500 |
| D3 | 400 | 600 | 400 |
| Probability | 0.3 | 0.5 | 0.2 |
What is the Expected Value of Perfect Information (EVPI)?
Group of answer choices
170
500
200
160
660
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