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356.0 11 12 Answer 14 15 17 18 Question 3 (1 point) Consider the following payoff table: DA: Decision Alternative. State of Nature Decision Alternative

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356.0 11 12 Answer 14 15 17 18 Question 3 (1 point) Consider the following payoff table: DA: Decision Alternative. State of Nature Decision Alternative Good Bad Probabilities 0.35 0.65 DAL 4.8 1.9 DA2 4.6 8.2 DA3 7.2 3.3 DA4 -5.1 6.7 What is the Expected Return (or Expected Value) of DA1? (Please keep 1 decimal for your answer) 20 21 Your Answer: 2: Answer hp D @ # $ 2 3 4 % 5 6 & 7 8 12 4) Based on one set of probabilities, calculate another 15 18 Question 5 (1 point) Consider the following payoff table: DA: Decision Alternative. State of Nature Decision Alternative Good Bad Probabilities 0.6 0.41 DA1 5 -3 DAZ 3 2 What is the Expected value of perfect Information (EVPI? (Please keep 1 decimal for your answer) 21 Your Answer: Answer Question is Chp % 3 $ 4 6 & 7 8

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