Suppose, P$($s$1)=0\mathrm{.}4,$ P$($s$2)=0\mathrm{.}4,$ P$($s$3)=0\mathrm{.}2.$ Profit$($ in

millions$)$ for each of the States of Nature are given

below:

D$1$

D$2$

D$3$

S$1$

$$200$

$-$$$100$

$-$$$200$

EV with No Info $=$

S$2$

$$500$

$$600$

$$500$

S$3$

$$800$

$$1200$

$$1300$