Question: Using the information below to create an Excel worksheet, answer the following questions. Show 2 decimal places. (This is a profit maximization problem). EMV Choice

Using the information below to create an Excel worksheet, answer the following questions. Show 2 decimal places. (This is a profit maximization problem).

Using the information below to create an Excel worksheet, answer the following questions. Show 2 decimal places. (This is a profit maximization problem). EMV Choice Payoffs Alternatives Option A Option B Optionc States of Nature (Demand) Strong Medium Weak 165 88 142 153 27 82 0.2 0.350 .45 76 91 States of Nature (Demand) Strong Medium Weak | EOL Choice Regret Alternatives Option A Option B Option C 1 0.2 0.35 0.45 Best Outcome Expected Value WITH Perfect Information (EVWPI) = Best Expected Monetary Value (EMV) = Expected Value OF Perfect Information (EVPI) = What is the EVWPI? What is the EVWPI? Answer: What is the best EMV? Answer: What is the EVPI

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