HW Score: 25%, 5 of 20 points Points: 0 of 5 Save = Homework: Assignment 4-...

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HW Score: 25%, 5 of 20 points Points: 0 of 5 Save = Homework: Assignment 4- Decision Making Tools Question list K Question 4, Problem A.16 Part 2 of 2 The following payoff table provides profits based on various possible decision alteratives and various levels of demand: Question 1 Question 2 Question 3 Question 4 Help me solve this Calculator Demand Alternatives Low Medium High Alternative 1 80 180 210 Alternative 2 Alternative 3 90 190 220 150 160 180 The probability of low demand is 0.4, whereas the probability of medium and high demand is each 0.3. a) The highest possible expected monetary value is $ 162 for Alternative 3 (enter your response as a whole number). b) The expected value of perfect information for this alternative is $ (enter your response as a whole number). Clear all Check answer HW Score: 25%, 5 of 20 points Points: 0 of 5 Save = Homework: Assignment 4- Decision Making Tools Question list K Question 4, Problem A.16 Part 2 of 2 The following payoff table provides profits based on various possible decision alteratives and various levels of demand: Question 1 Question 2 Question 3 Question 4 Help me solve this Calculator Demand Alternatives Low Medium High Alternative 1 80 180 210 Alternative 2 Alternative 3 90 190 220 150 160 180 The probability of low demand is 0.4, whereas the probability of medium and high demand is each 0.3. a) The highest possible expected monetary value is $ 162 for Alternative 3 (enter your response as a whole number). b) The expected value of perfect information for this alternative is $ (enter your response as a whole number). Clear all Check answer