Question: please review Question 2 (5 points) What is the expected value of perfect information for the payoff table provided? The probability of a market rise

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please review Question 2 (5 points) What is the expected value of

Question 2 (5 points) What is the expected value of perfect information for the payoff table provided? The probability of a market rise is P = 0.6 and the probability of a market decline is P = 0.4 Act State of Nature ($) Market Rise Market Decline Investment 1 4,000 1,000 Investment 2 6,000 1,000 0 $4,000 0 $600 0 $3,200

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