Question: The following payoff table provides profits based on various possible decision alternatives and various levels of demand: The probability of low demand is 0.4 ,

 The following payoff table provides profits based on various possible decision

The following payoff table provides profits based on various possible decision alternatives and various levels of demand: The probability of low demand is 0.4 , whereas the probability of medium and high demand is each 0.3 . a) The highest possible expected monetary value is $ for (enter your response as a whole number). b) The expected value of perfect information for this alternative is $ (enter your response as a whole number)

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