Question: The decision tree shows is for deciding on whether we should do a project. The cost of sample information (X) in Dollars is 30. Positive

The decision tree shows is for deciding on whether we should do a project. The cost of sample information (X) in Dollars is 30. Positive values imply revenue and negative values imply cost. Try to maximize profit.

a) Use the backward method, and calculate the EV (round your answer to the nearest integer).

b) what is EVSI?

c) What is EVPI in Dollars?

d) Assume that our utility function is defined as u(x)=x^2 For how much cash we would be indifferent between doing this project and receiving that cash? In other words, if we receive more than this value we are willing to give up and not do the project. X = 222. Round your answer to the nearest integer.

The decision tree shows is for deciding on whether we should do

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