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alternatives. The cost per hour is set manager considers the operational cost per hour er's the operational cost per hour of five machine cost per
alternatives. The cost per hour is set manager considers the operational cost per hour er's the operational cost per hour of five machine cost per hour is sensitive to three potential weather conditions: cold, mild, and u, mild, and warm. The following table represents nts the operations cost per hour for each alternative-state of nature combination: States of Nature EMV $33 Alternatives Weather related cost per hour Cold cost/day Mild Warm cost/day cost/day Machine 1 $20 $35 Machine 2 $35 $32 $36 Machine 3 $25 $35 Machine 4 $42 $25 $38 Machine 5 $31 $35 $51 $35 Assume that for a randomly selected day, there is a 20% probability of cold weather, 30% probability of mild weather, and 50% probability of warm weather. What is the EVPI
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