respond to Worst case Base case Best case Expected Value Probability .1 .6 .3 small 400 500 660 538 medium -250 650 800 605 high -400 580 990 605 Small= .1x(400)+.6(500)+.3(660)= 605 Medium= .1x(-250)+.6(650)+.3(800)= 605 Large= .1x(-400)+.6(580)+.3(990)= 605 Either medium or large since they both equal out to be 605 c)Using the same table above in addition to this new one: Probability 10% 60% 30% Payoff Using Perfect Prediction 400 650 990 727 .1(400)+.6(650)+.3(990)= 727 727-650= 122 Pursing additional information would benefit the city since there could be an increase of $122,000 in its net cash flow