Question: Patrick Bateman is considering four alternatives Friday night. The payoff for each opportunity will depend on economic and other conditions, and are represented in the

Patrick Bateman is considering four alternatives Friday night. The payoff for each opportunity will depend on economic and other conditions, and are represented in the payoff table below. If the probabilities of each economic condition are 0.5,0.1,0.35, and 0.05, respectively, what is the expected value of perfect information? PoorAverageGoodExcellentReturn videotapes50254025Dinner at Dorsia803002010Pick up friends in his limo100152550Design new business cards2575-5030 Select one:a.The EVPI is 19.b.The EVPI is 17.c.The EVPI is 18.d.The EVPI is 21.

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