Question $7(2$ points$)$

The construction manager for ABC Construction must decide whether to build single family homes, apartments, or condominiums. He estimates annual profits $($in $$000)$ will vary with the population trend as follows:

Population Trend

Type Declining Stable Growing

Single Family $2009070$

Apartments $7017090$

Condos $20100220$

Prior Probability $0\mathrm{.}40\mathrm{.}50\mathrm{.}1$

What is his expected value of perfect information $($i$.$e$.$ EVPI$)?$

Question $7$ options:

$$187,000$

$$132,000$

$$123,000$

$$65,000$

$$55,000$