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A plant manager considers the operational cost per hour of five machine alternatives. The cost per hour is sensitive to three potential weather conditions: cold,

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A plant manager considers the operational cost per hour of five machine alternatives. The cost per hour is sensitive to three potential weather conditions: cold, mild, and warm. The following table represents the operations cost per hour for each alternative-state of nature combination: Assume that for a randomly selected day, there is a 30% probability of cold weather, 50% probability of mild weather, and 20% probability of warm weather. What is the EVPI? $6.6 $3.2 $5.8 $1.6 SUMMARY OUTPUT Consider the output shown in Table 4.1. The Mean Square value is missing. What is its actual value? 3520 660 31683 10561 Consider the output shown in Table 4.1. What is the value of the regression df? 0 1 2

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