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Compute the dollar value of the Expected Value with Perfect Information. Use the paragraph given on the packet to answer this problem. ? W PROBLEM

Compute the dollar value of the Expected Value with Perfect Information.Use the paragraph given on the packet to answer this problem.

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W PROBLEM C: The ABC Grocery Store is considering three options for its facility next year. ABC can expand its current store, move to a larger facility, or make no change. With a good market, the annual payoff would be $52 if ABC expands, $68 if it moves, and $24 if it does nothing. With an average market his payoffs would be $20, $32, and $8, respectively. With an poor market his payoffs would be -$10, -$32, and $2, respectively. In addition, ABC found from doing research that the probability of good, average, and bad years, are, respectively, 25%, 45%, and 30%. Use the paragraph given on the packet to answer this

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