# The manager of the greeting card section of Mazeys department store is considering her order for a

## Question:

Demand (boxes) ...... Probability

25 ....... .10

26 ...... .15

27 ...... .30

28 ...... .20

29 ...... .15

30 ...... .10

a. Develop the payoff table for this decision situation.

b. Compute the expected value for each alternative and identify the best decision.

c. Compute the expected value of perfect information.

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## Step by Step Answer:

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