Question: Question Help The following payoff table provides profits based on various possible decision alternatives and various levels of demand at Robert Klassan's print shop Decision

Question Help The following payoff table provides profits based on various possible decision alternatives and various levels of demand at Robert Klassan's print shop Decision Alternative 1 Alternative 2 Alternative 3 Demand Low High $10,000 $30,000 $4.000 $40,000 - $2000 $48,000 The probability of low demand is 0.40, whereas the probability of high demand is 0.60 a) The alternative that provides Robert the greatest expected monetary value (EMV) is The EMV for this decision is $enter your answer as a whole number) b) The expected value with perfect information (EVwP1) = 5(enter your answer as a whole number) c) The expected value of perfect information (EVP) for Roberts enter your answer as a whole number)

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