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a) A following payoff table provides profits (in RM'000) based on various possible decision alternatives and various levels of market acceptance. i) Using the Expected

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a) A following payoff table provides profits (in RM'000) based on various possible decision alternatives and various levels of market acceptance. i) Using the Expected Monetary Value (EMV) criterion, determine the best decision to be made. (3 marks) ii) What is the expected maximum amount that should be paid for perfect information (EVPI) in this situation? (2 mark)

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