(Using the same problem A vender for the local ballpark food stand is questioning whether to stock his concession with a large or small inventory. He believes that it wil depena upon the side of the crowd. He has developed a payoff matrix for the various alternatives (stocking decision) and states of nature size of crowd) What is the Expected Value of Perfect Information (EVPI? Alternatives Large Inventory Small Inventory Probability A $68,400 Large Crowd $220,000 $90,000 20 PROFIT ($) Average Crowd $50,000 $70,000 30 Small Crowd $2,000 $5,000 30 B) 578,400 $10.000 D-520.000 E) 551.500 ackboard XCIO Remaining Time: 2 hours, 15 minutes, 09 seconds. Save A Question Completion Status Question 10 6 points cusing the same problem) A vender for the local ballpark food stand is questioning whether to stock his concession with a large or small inventory. He believes that it will depend upon the size of the crowd. He has developed a payoff matrix for the various alternatives (stocking decision and states of nature size of crowd. What is the Expected Value of Perfect Information (EVPI? PROFIT (S) Large Average Small Alternatives Crowd Crowd Crowd Large Inventory $220,000 $50,000 -$2,000 Small Inventory 590,000 $70,000 55.000 Probability 20 50 30 560.400 78.400 0 $10,000 HD 530.000 E E551.500 Moving to another question will see this response Question 10 of 1638 Ce Wind