Question: use the table below to to determine the expected value of perfect information the probabilities for the states of nature are s1=0.20, s2=0.30 and s3

use the table below to to determine the expected value of perfect information the probabilities for the states of nature are s1=0.20, s2=0.30 and s3 0.50

state of nature

decison s1 s2 s3

d1 10,000 5,000 15,000

d2 15,000 9,000 10,000

d3 20,000 -5,000 10,000

d4 11,000 -4,000 15,000

a 3,200

b 3,800

c 11,000

d 14,200

e 3,500

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