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The following is a payoff table giving profits for various situations. Alternatives Alternative 1 Alternative 2 Alternative 3 Do Nothing States of Nature A B

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The following is a payoff table giving profits for various situations. Alternatives Alternative 1 Alternative 2 Alternative 3 Do Nothing States of Nature A B 100 120 180 200 100 50 120 140 120 0 0 0 The probabilities for states of nature A, B, and C are 0.3, 0.5, and 0.2, respectively. What is the expected value of perfect information (EVPI)? 40 O 130 36

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