Q2

a choice alternative 1,2,3

The below payoff table gives profits from several decision alteratives and two different levels of demand. Decision Alternative 1 Alternative 2 Alternative 3 Demand Low High $8,000 $24,000 $6,000 $42,000 - $2,000 $50,000 The probability of low demand is 0,35, whereas the probability of high demand is 0.65 a) The alternative that provides the greatest expected monetary value (EMV) is The EMV for this decision is senter your answer as a whole number). b) The expected value with perfect information (EVP) = $(ontor your answer as a whole number). c) The expected value of perfect information (EVP) for Robert = $(enter your answer as a whole number)