Question: please solve completely The following payoff table provides profits based on various possible decision alternatives and various levels of demand Alternatives Alternative 1 Alternative 2

please solve completely

The following payoff table provides profits based on various possible decision alternatives and various levels of demand Alternatives Alternative 1 Alternative 2 Alternative 3 Low 80 90 50 Demand Medium 120 90 70 High 140 90 150 The probability of low demand is 0.4, whereas the probability of medium and high demand is each 03. a) The highest possible expected monetary value is for (enter your response as a whole number) ponse as a whole number) b) The expected value of perfect information for this alternativ Alternative 1 Alternative 2 Alternative 3

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