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What should you do? Show your work on all questions. What is the expected value of perfect information? What is the expected value of sample

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What should you do? Show your work on all questions.

What is the expected value of perfect information?

What is the expected value of sample information?

a favorable market is 0.8 . You can open any one of three different sizes of restaurant. marketing research is negative (shows weak demand) (probability of .3), then the probability of favorable demand goes to .40

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