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The following payoff table shows profit for a decision-analysis problem with three decision alternatives and three states of nature: Decision Alternative States of Nature S1
The following payoff table shows profit for a decision-analysis problem with three decision alternatives and three states of nature: Decision Alternative States of Nature S1 S2 S3 D1 8 8 8 D2 12 6 2 D3 16 9 4 If P(s1) = 0.3, P(S2) = 0.5, and P(S3) = 0.2, what is the EVwPI? EVwPI = If EV(d1) = 8.0, EV(d2) = 7.0, and EV(d3) = 10.1 what is the EVwoPI? EVwoPI = What is the EVPI? EVPI =
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