X Problem A.3 Question Andrew Thomas, a sandwich vendor at Hard Rock Cafe's annual Rockfest, created a table of conditional values for the various alternatives (stocking decision) nature (size of crowd): Alternatives Large Stock Average Stock Small Stock States of Nature (demand) Big Average Small $22.000 $12,000 - $2,000 $12,000 $10.000 $6,500 $9,000 $8,000 $4,000 The probabilities associated with the states of nature are 0.25 for a big demand, 0.50 for an average demand, and 0.25 for a small demand. a) The alternative that provides Andrew Thomas the greatest expected monetary value (EMV) is Large Stock The EMV of this decision is 5 11000 (enter your answer as a whole number). b) The expected value of perfect information (EVP) for Andrew Thomas = $ enter your answer as a whole number) Enter your answer in the answer box and then click Check Answer All parts showing Clear All