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