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Andrea Dawson, a sandwich vendor at her town's annual Hard Rock Festival, created a table of conditional values for the various alternatives ( stocking decision

Andrea Dawson, a sandwich vendor at her town's annual Hard Rock Festival, created a table of conditional values for the various alternatives (stocking decision) and states of nature (size of crowd) Alternatives Large Stock Average Stock Small Stock States of Nature (demand ) BigAverageSmall 22,000 $ 10,000 $2,000 $ 14,000 $11,000 $6,500 $8,400 $8,100 $ 4,800 The probabilities associated with the states of nature are 0.30 for a big demand ,0.45 for an average demand , and 0.25 for a small demand . a) The alternative that provides Andrea Daswon the greatest expected monetary value (EMV ) is The EMV of this decision is enter your answer as a whole number ) bThe expected value of perfect information EVP ) Dawson enter your answer as a whole number )

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