Question: Question 6 Use the table below to determine the expected value of perfect information. The probabilities for the states of nature are s1=0.30, s2-0.20 and

Question 6 Use the table below to determine the expected value of perfect information. The probabilities for the states of nature are s1=0.30, s2-0.20 and s3=0.50 State of Nature Decision s1 $2 $3 d1 10,000 -5,000 15,000 d2 15,000 9,000 10,000 20,000 -5,000 10,000 11,000 -4,000 15,000 d3 d4 4,000 3,500 O 10,000 O 11,300 O 15,300 O 3,400

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