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Consider the following pay-off table. Outcome 1 Outcome 3 Outcome 2 400 400 100 600 300 200 Alternative 1 Alternative 2 Alternative 3 Alternative 4

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Consider the following pay-off table. Outcome 1 Outcome 3 Outcome 2 400 400 100 600 300 200 Alternative 1 Alternative 2 Alternative 3 Alternative 4 Probability 0 700 200 600 400 300 0.4 0.2 What would be the expected opportunity loss (EOL) and expected value of perfect information (EVPI), respectively? A. EOL - 400, EVPI - 400 B. EOL = 40, EVPI - 400 C.EOL = 400, EVPI-40 D. EOL = 40, EVPI-40 E. Not enough information is provided

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