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5. A plant manager considers the operational cost per hour of five machine alternatives. The cost per hour is sensitive to three potential weather conditi

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5. A plant manager considers the operational cost per hour of five machine alternatives. The cost per hour is sensitive to three potential weather conditi cold, mild, and warm. The following table represents the operations cost per hou for each alternative state of nature combination: Alternatives EMV $33 States of Nature Weather related cost per hour Cold cost/day Mild Warm cost/day cost/day $20 $35 $35 $36 $25 $25 $51 $42 $25 $38 $35 $31 $35 Machine 1 Machine 2 Machine 3 Machine 4 Machine 5 $32 Assume that for a randomly selected day, there is a 30% probability of cold weather, 20% probability of mild weather, and 50% probability of warm weather. What is the EVPI

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