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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 $ $ $ $ $ $ $ $ The probabilities associated with the states of nature are for a big demand for an average demand and 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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