Question: What should you do? Show your work on all questions. What is the expected value of perfect information? What is the expected value of sample

What should you do? Show your work on all questions. What is

What should you do? Show your work on all questions.

What is the expected value of perfect information?

What is the expected value of sample information?

a favorable market is 0.8 . You can open any one of three different sizes of restaurant. marketing research is negative (shows weak demand) (probability of .3), then the probability of favorable demand goes to .40

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