Question: Using the following table, calculate the Expected Monetary Value (EMV), Expected Opportunity Loss (EOL), and Expected Value of Perfect Information (EVPI). Use the .50 for

Using the following table, calculate the Expected Monetary Value (EMV), Expected Opportunity Loss (EOL), and Expected Value of Perfect Information (EVPI). Use the .50 for the probability of a Good Economy and .50 for the probability of a Poor Economy. Show your selections (highlight your best alternative). USE HAND CALCULATIONS TO PRACTICE FOR EXAMS. You must show your work for obtaining the points.

	STATE OF NATURE
DECISION ALTERNATIVE	GOOD ECONOMY	POOR ECONOMY
Sotck market	80,000	-20,000
Bonds	30,000	20,000
CDs	23,000	23,000
Probability	0.5	0.5

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