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Appraise the 3 projects illustrated below on the table using criteria of expected value, maximin, maximax and minimax regret. The probability of 4% interest rate
Appraise the 3 projects illustrated below on the table using criteria of expected value, maximin, maximax and minimax regret. The probability of 4% interest rate is 0.3, of 6% is 0.4 and of 8% is 0.3.
Project 4% 6% 8%
A 100 80 70
B 90 85 75
C 120 60 40
What would be the value of perfect information about the interest rate?
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