Question: Redo Exercise 22.19, changing the probabilities to the following values. a. P(s 1 ) = .75 P(s 2 ) = .25 b. P(s 1 )

Redo Exercise 22.19, changing the probabilities to the following values.
a. P(s1) = .75 P(s2) = .25
b. P(s1) = .95 P(s2) = .05

In exercise 22.19

Given the following payoff table and probabilities, determine EVPI.

az az a4 a1 45 30 65 20 110 70 95 S2

az az a4 a1 45 30 65 20 110 70 95 S2

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