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A financial executive lives in Ottawa but must travel to Toronto frequently. She can go to Toronto by car, train, or plane. The cost for

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A financial executive lives in Ottawa but must travel to Toronto frequently. She can go to Toronto by car, train, or plane. The cost for a plane ticket from Ottawa to Toronto is $265, and it is estimated that the trip takes 55 minutes in good weather and 60 minutes in bad weather. The cost for a train ticket is $165, and the trip takes four hours 5 minutes in good weather and 4 hours 15 minutes in bad weather. The cost to drive her own car from Ottawa to Toronto is $70, and this trip takes four hours 10 minutes in good weather and five hours 10 minutes in bad weather. The executive places a value of $70 per hour on her time. The weather forecast is for a 80% chance of bad weather tomorrow. What decision would you recommend? (Hint Set up a payoff table, and remember that you want to minimize costs.) (Round the final answers to 2 decimal places.) What is the expected value of perfect information? (Round the final answer to the nearest dollar. Negative answer should be Indicated by a minus sign.) EVPI

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