Question 4: Value of Imperfect Information DataAnalytics charges mRNATech 15K for predicting whether the vaccine will be approved or not. For this fee. it will conduct a detailed analysis of the vaccine and provide a recommendation to mRNATech .either "favourable " or "unfavourable ". The probability that DataAnalytics will make a favourable recommendation is equal to 91.75 %. Unfortunately ,DataAnalytics's recommendations can sometimes be wrong .The probability that the vaccine will not be approved given a favourable recommendation by DataAnalytics is 1.63 %. On the other hand , the probability that the vaccine will not be approved given an unfavourable recommendation by DataAnalytics is 42.42 %