The following payoff table provides profits based on various possible decision alternatives and various levels of demand with probabilities of different demands States of Nature Demand Alternatives Low Medium High Alternative 1 15 10 20 Alternative 2 50 80 90 Alternative 3 30 70 12 Probability 0 5 0 2 0 3 What will be the Expected Value with perfect information (EVwPI)

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Question: The following payoff table provides profits based on various possible decision alternatives and various levels of demand with probabilities of different demands States of Nature

The following payoff table provides profits based on various possible decision alternatives and various levels of demand with probabilities of different demands

	States of Nature
	Demand
Alternatives	Low	Medium	High
Alternative 1	15	10	20
Alternative 2	50	80	90
Alternative 3	30	70	12
Probability	0.5	0.2	0.3

What will be the Expected Value with perfect information (EVwPI)?

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