Question: QUESTION 23 Quantitative Question (Write legibly; Credit will be given only if appropriate work is done.) The following information will be displayed and used for

QUESTION 23 Quantitative Question (Write legibly; Credit will be given only if appropriate work is done.) The following information will be displayed and used for questions 24 and 25. The manager of QM Construction, Inc. must decide whether to build single-family homes, apartments, or condominiums. He estimates annual profits (in $millions) will vary with the population trend as follows: Single Family. Apartments Condos Declining Stable Growing 9 15 14 10 7 10 11 12 If he feels the chances of declining, stable, and growing population trends are 20%, 40%, and 40%, respectively, what is his expected value of perfect information

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