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What is the expected value with perfect information of the following decision table? States of Nature S .6 Alternatives P Option 1 Option 2
What is the expected value with perfect information of the following decision table? States of Nature S .6 Alternatives P Option 1 Option 2 Option 3 60,000 30,000 40,000 5,000 8,400 10,000 5,000 -4,000 S2 .4 30,000 45,000 60,000
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Business Statistics For Contemporary Decision Making
Authors: Ken Black, Ignacio Castillo
3rd Canadian Edition
1119577624, 9781119577621
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