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Q2- Consider the following pay off table (in thousands $ ): 1- If P(Sj)=0.55 and 0.30 for S1 and S2 respectively, find the best Expected
Q2- Consider the following pay off table (in thousands $ ): 1- If P(Sj)=0.55 and 0.30 for S1 and S2 respectively, find the best Expected Monetary Value (EMV) (6 points). 2- What is Expected Opportunity Loss (EOL) for all alternatives (6 points). 3- What is the Expected Value of Perfect Information (EVPI) (3 points)
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