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help! The Really Big Company is deciding between three levels of autonation for the work eell that produces a key conuponent. Nostradamus, the conpany foreeaster,
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The Really Big Company is deciding between three levels of autonation for the work eell that produces a key conuponent. Nostradamus, the conpany foreeaster, believes that t1 could be three levels of demand for the products produced in this work cell and has developed this table of all possible profits (in $100,000 ) for company exeeutives. Nostradamus deterringes that the probability of low demand is 0.3 , nedium demand is 0.1 , and high demand is 0.6 . What is the expected value of perfect information in this case a. $7,210,000 b. $6,160,000 c. $3,080,000 d. 51,050,000 Step by Step Solution
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