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Question 3 Not yet answered ABC Company, a soft-drink vendor, has created a table of payoffs for three stocking decisions for three different states of
Question 3 Not yet answered ABC Company, a soft-drink vendor, has created a table of payoffs for three stocking decisions for three different states of nature: States of nature (Demand) Points out of 13.00 P Flag question Alternatives Heavy Medium Low Large stock $22700 $16400 $12700 Average stock $12600 $15100 $13800 Small stock $12100 $14500 $17300 Probabilities associated with the states of nature are 0.3 for heavy demand, 0.3 for medium demand, and 0.4 for low demand. What is the expected value of perfect information? Specify only the amount. e.g. 14000
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