What is the expected value with perfect information of the following decision table?
What is the expected value with perfect information of the following decision table?
States of nature
Alternative | S1 | S2 |
Probability | 0.4 | 0.6 |
Option 1 | 10,000 | 30,000 |
Option 2 | 5,000 | 45,000 |
Option 3 | -4,000 | 60,000 |
A) 5,000 B) 10,000 C) 40,000 D) 60,000 E) 70,000