Question: The construction manager for Acme Construction, Inc. must decide whether to build single - family homes, apartments, or condominiums. The manager estimates annual profits (

The construction manager for Acme Construction, Inc. must decide whether to build single-family homes, apartments, or condominiums. The manager estimates annual profits (in $000) will vary with the population trend as follows: TypePOPULATION TRENDDecliningStableGrowingSingle Family2009070Apartments7017090Condos-20100220If the chances of declining, stable, and growing population trends are 40%,50%, and 10%, respectively, what is the expected value of perfect information?Question 1 options:$65,000$55,000$45,000$132,000$187,000

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