A manager needs to hire short-term employees to meet production demands. The manager would like to hire one of three possible short-term workers. Ten hours are demanded with 50% probability, 20 hours are demanded with 30% probability, and 30 hours are demanded with 20% probability. The table below represents the alternatives and possible states of nature.

	States of Nature
	(Worker hours demanded)
Alternatives	10 hr total pay	20 hr total pay	30 hr total pay
Worker 1	$1,000	$1,800	$2,400
Worker 2	$900	$1,800	$2,500
Worker 3	$950	$1,750	$2,550

What is the expected value of perfect information? [a]

Do not use $.