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A payoff table for a clothing store is shown below. Payoff Table ($M) States of Nature Actions Probability a 1 a 2 a 3 S

A payoff table for a clothing store is shown below.

Payoff Table ($M)

States of Nature

Actions

Probability

a1

a2

a3

S1

25

8

-3

0.2

S2

12

8

6

0.6

S3

-13

8

13

0.2

Determine the EMV decision (EMV*). Keep to one decimal place.?

What is the expected payoff with perfect information (EPPI)? Keep to one decimal place.?

What is the expected value of perfect information (EVPI)? Keep to one decimal place.?

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