365Homework.com
Forgot your password?
Home Get Tutoring Get Paid Help Desk Create Account
Question from nilya07

$1.50

Title: Ms. Hegel is considering four different opportunities, A, B, C, or D. The payoff for each opportunity will depend on

Question Details
Q:

 

Ms. Hegel is considering four different opportunities, A, B, C, or D.  The payoff for each opportunity will depend on the economic conditions, represented in the payoff table below.    

Investment

Economic Conditions

Poor

(S1)

Average

(S2)

Good

(S3)

Excellent

(S4)

A

80

15

18

47

B

50

75

35

35

C

-90

225

-50

12

D

36

25

25

27

    Suppose all states of the world are equally likely (each state has a probability of 0.25). What is the expected value of perfect information? Note: Report your answer as an integer, rounding to the nearest integer, if applicable

 

     

 


You are not able to submit tutorial for this question.
Available Tutorials to this Question

Title: Ms. Hegel is considering four different opportunities, A, B, C, or D. The payoff for each opportunity will depend on

    • This tutorial was purchased: 6.

    • Posted Date: Mar 21, 2013 at 10:40:59 AM

    • The full tutorial is about words long

 
A:
... Correct Answer:   48  ...
Current date and local time on this server is 09-01-2014 (Mon) 4:57:38 PM (CST)