Question: It's Selfie time! 1. Page 242 (upper page) #2 under PROBLEMS 2c. Find EVPI using the 1st method 2. Based on the table below, use

It's Selfie time! 1. Page 242 (upper page) #2

It's Selfie time! 1. Page 242 (upper page) #2 under PROBLEMS 2c. Find EVPI using the 1st method 2. Based on the table below, use the 2nd method to find for EVPI. Given that the probability for a low demand is 20% & the probability for a high demand is 80%. Next Year's Demand Low High $42 $22 $50 -$20 $72 Alternative Small Medium Large $48 2. Based on the table below, use the 2nd method to find for EVPI. Given that the probability for a low demand is 20% & the probability for a high demand is 80%. Alternative Small Medium Large Next Year's Demand Low High $42 $48 $22 $50 $20 $72

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