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Strayer MAT540 week 2 discussion

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Question;In your own words, explain how to obtain the ?expected;value of perfect information? for any payoff table, which has probabilities;associated with each state of nature. Then, provide an example, drawing from;any of the payoff tables in Problems 1-17 in the back of Chapter 12. If no;probabilities are given for the states of nature, then assume equal likelihood.

 

Paper#60802 | Written in 18-Jul-2015

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