Redo Exercise 22.19, changing the probabilities to the following values. a. P(s 1 ) = .75 P(s
Question:
a. P(s1) = .75 P(s2) = .25
b. P(s1) = .95 P(s2) = .05
In exercise 22.19
Given the following payoff table and probabilities, determine EVPI.
Transcribed Image Text:
az az a4 a1 45 30 65 20 110 70 95 S2
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a EPPI 7565 25110 7625 EMVa 1 7565 2570 6625 EMVa 2 7520 25110 4...View the full answer
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