Problem 12.2 - 10.0% #ADDIN? #ADDIN? #ADDIN? Decision...

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Problem 12.2- Excel Solution #ADDIN? #ADDIN? 20 #ADDIN? 10.0% Decision 0 #ADDIN? #ADDIN? #ADDIN? 6 #ADDIN? #ADDIN? #ADDIN? 10 #ADDIN? 20.0% Decision 0 #ADDIN? #ADDIN? #ADDIN? 6 #ADDIN? #ADDIN? Chance 0 #ADDIN? #ADDIN? #ADDIN? 5 #ADDIN? 60.0% Decision 0 #ADDIN? #ADDIN? #ADDIN? 6 #ADDIN? #ADDIN? #ADDIN? 0 #ADDIN? 10.0% Decision 0 #ADDIN? #ADDIN? #ADDIN? 6 #ADDIN? Decision #ADDIN? 10.0% #ADDIN? 20 #ADDIN? 20.0% #ADDIN? 10 #ADDIN? #ADDIN? Chance 0 #ADDIN? 60.0% #ADDIN? 5 #ADDIN?
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Unformatted text preview: 10.0% #ADDIN? #ADDIN? #ADDIN? Decision #ADDIN? #ADDIN? #ADDIN? 6 #ADDIN? Problem 12.11 Problem 12.11 With Perfect Information With Perfect Information No Information No Information A B A=20 A=20 A=10 A=10 A=5 A=5 A=0 A=0 "A=20" "A=20" "A=10" "A=10" "A=5" "A=5" "A=0" "A=0" A B A B A B A B Without information, you would choose A. The EVPI is then: EMV(Info) - EMV(A) = 8.2-7.0 = 1.2...
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This note was uploaded on 04/04/2012 for the course CIVIL ENG CIV 125 taught by Professor Prof.chang during the Summer '11 term at International School of Management, New York.

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