What's the value in part (b)?

The Gorman Manufacturing Company must decide whether to manufacture a component part at its Milan, Michigan, plant or purchase the component part from a supplier The resulting profit is dependent on the demand for the product. The following payoff table shows the projected profit (in thousands of dollars): The state-of-nature probabilities are P(s1)=0.25,P(s2)=0.35, and P(s3)=0.40. Do not round your intermediate calculations. (a) Use a decision tree to recommend a decision. (b) Use EVPI to determine whether Gorman should attempt to obtain a better estimate of demand. Enter your answer in thousands dollars. For example, an answer of $200 thousands should be entered as 200,000 . Gorman attempt to obtain a better estimate of demand, as the additional information could be worth up to $ for Gorman