Question: The following payoff table provides profits based on various possible decision alternatives and various levels of demand at Amber Gardner's software firm. Demand Decision Low

The following payoff table provides profits based on various possible decision alternatives and various levels of demand at Amber Gardner's software firm.
Demand
Decision
Low
High
Alternative 1
$ 12 comma 000
$ 24 comma 000
Alternative 2
$ 6 comma 000
$ 42 comma 000
Alternative 3
negative $ 2 comma 000
$ 50 comma 000
The probability of low demand is 0.35, whereas the probability of high demand is 0.65.
Part 2
a) The alternative that provides Gardner the highest possible expected monetary value (EMVLOADING...) is
Alternative 3.
Part 3
The EMV for this decision is $
31800.(Enter your answer as a whole number.)
Part 4
b) The expected value with perfect information (EVwPILOADING...)=$
negative 17400.(Enter your answer as a whole number.)
Part 5
c) The expected value of perfect information (EVPILOADING...) for Gardner=$
enter your response here. (Enter your answer as a whole number.)

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