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# Take 10501250 e what is the best decision if southern

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Unformatted text preview: alue? Best Decision by Weak Moderate Strong Very Minimax regret: Minimal Accessories. Strong Decision Regret = \$3,500Maximin: (f). If someone has a crystal ball which tells Unfurnished model homes. Decision Unfurnished \$0 \$500 \$1,500 \$6,500 the housing market is going to be strong for Payoff = - \$1,500 (g). Based on the probabilities sure, what is the value of this perfect Minimal \$2,500 \$1,000 \$0 \$3,500 given above, what is the expected information? Payoff (Strong)= \$3, 500 with value of perfect information about Accessories Model homes furnished with minimal the housing market if it is Custom \$5,500 \$0 \$1,000 \$0 accessories.VPI(Strong)=3500- 1050=\$2450 available? EVwPI=.2(- 1500)+ Decorated (a). From above, what is the probability of .4(1500)+ .3(3500)+.1(9500)=\$2300. (c).What optimal decision(s) and sequence should EVPI=EVwPI- Best EMV =2300- an average finding if the geologic test Pickens take and what is the expected payoff? Take 1050=\$1,250 (e) What is the best decision if Southern manag...
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