Question: Q1: The expected value with perfect information: a. is an input into the calculation of the expected value of perfect information b. requires that each

Q1:

The expected value with perfect information:

a.

is an input into the calculation of the expected value of perfect information

b.

requires that each decision alternative have a known probability of occurrence.

c.

equals EVPI - Maximum EMV.

d.

is the average of the maximax and the maximin.

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