if an earthquake will not occur.

Should the power company hire the geologist?

Calculate EVI and EVPI. Round your answers to one decimal place, if necessary.

EVI

$($in millions$)$

EVPI

$$,(in$ millions$)$

Interpret EVI and EVPI in the context of this problem.

EVI, the Expected Value of Information $,,$ is how much the geologist analysis is worth to the nuclear power company.

EVPI, the Expected Value of Perfect Information $vv,$ is the theoretical upper limit of any information.