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The operations manager for a local bus company wants to decide whether he should purchase a small, medlum, or large new bus for his company.

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The operations manager for a local bus company wants to decide whether he should purchase a small, medlum, or large new bus for his company. He estimates that the annual profits (in $000 ) will vary depending upon whether passenger demand is low, moderate, or high, as follows. What is his expected value of perfect information? What is his expected value of perfect information? Mutsple Chotce $15,000 $61000 $69.000 $7200 587,000

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