Question: The construction manager for Acme Construction, Inc., must decide whether to build single - family homes, apartments, or condominiums. He estimates annual profits ( in
The construction manager for Acme Construction, Inc., must decide whether to build single
family homes, apartments, or condominiums. He estimates annual profits
in $
will vary with the population trend as follows: Type Single Family Apartments Condos POPULATION TREND Declining Stable
Growing
he feels the chances of declining
stable and growing population trends are
percent
percent and
percent respectively, what is his expected value of perfect information? $
$
$
$
$
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