HW Score: 83.33%, 33.33 of 40 points Points: 0 of 3 Close Andrew Thomas, a sandwich vendor at Hard Rock Cafe's annual Rockfest, created a table of conditional values for the various alternatives (stocking decision) and states of nature (size of crowd): States of Nature (demand) Alternatives Big Average Small Large Stock $18,000 $12,000 -$2,000 Average Stock $12,000 $10,000 $5,500 Small Stock $8,400 $8,000 $3,200 The probabilities associated with the states of nature are 0.25 for a big demand, 0.45 for an average demand, and 0.30 for a small demand. a) The alternative that provides Andrew Thomas the greatest expected monetary value (EMV) is Large Stock The EMV of this decision is $ 9,300 (enter your answer as a whole number). b) The expected value of perfect information (EVPI) for Andrew Thomas = $ 2,250 (enter your answer as a whole number)