Question 1 1 Point . Hometra Design Layout Reference Maling Heww Cowe she comes I W 3. D:D:D: 2:4 Share T. 2 BA . 2 Office de tople with an am. Check Check tops A plant manager considers the operational cost per hour of five machine alternatives. The cost per hour is sensitive to three potential weather conditions: cold, mild, and warm. The following table represents the operations cost per hour for each alternative-state of nature combination: States of Nature Weather related cost per hour Alternatives Cold cost/day Mild cost/day Warm cost/day Machine 1 $50 $40 $45 Machine 2 $45 $42 $47 Machine 3 $40 $35 $54 Machine 4 $60 $25 $48 Machines SAS $40 $45 th DOO TUN Assume that for a randomly selected day, there is a 30% probability of cold weather, 50% probability of mild weather, and 20% probability of warm weather. What alternative is best using EMV? A Machine 3 B Machine 4 Machine 2 D Machine 1 Question 13 1 Point Home Theat Draw Dog Layout References Minge www 35 Out W - Chart . C C - Sy Check for des Pe Pc She ING Theo Offee update to mp up with type en empreschow Defoe Up A plant manager considers the operational cost per hour of five machine alternatives. The cost per hour is sensitive to three potential weather conditions: cold, mild, and warm. The following table represents the operations cost per hour for each alternative-state of nature combination: States of Nature Weather related cost per hour Alternatives Cold cost/day Mild cost/day Warm cost/day Machine 1 $50 $40 $45 Machine 2 $45 $42 $47 Machine 3 $40 $35 $54 Machine 4 S60 $25 $48 Machine 5 $45 $40 $45 Using the equally likely criterion, which alternative is best? A Machine 4 B) Machine 2 Machine 3 D Machine 1 Question 14 1 Point Home wert Draw Design Layout References Mailings ev i. W A. 4. Chart Tule Com T. She Check for Us TW Orice plate to them and t.com forum A plant manager considers the operational cost per hour of five machine alternatives. The cost per hour is sensitive to three potential weather conditions: cold, mild, and warm. The following table represents the operations cost per hour for each alternative-state of nature combination: States of Nature Weather related cost per hour Alternatives Cold cost/day Mild cost/day warm cost/day Machine 1 $50 $40 $45 Machine 2 $45 $42 $47 Machine 3 $40 $35 $54 Machine 4 S25 $48 Machine 5 $45 $40 SAS S60 1 Assume that for a randomly selected day, there is a 30% probability of cold weather, 50% probability of mild weather, and 20% probability of warm weather. What is the EVPI? A $1.6 B) $3.2 C) $6.6 D $5.8