BUS6780 Module 8 Expected Monetary Values & Expected Payoff Assignment

please answer this question: i also attached as a word document

Use the following decision table (attached) to complete parts (a) through (c).

a. Draw a decision tree to represent this payoff table.

b. Compute the expected monetary values for each decision and label the decisiontree to indicate what the ﬁnal decision would be.

c. Compute the expected payoff of perfect information.

Compare this answer to the answer determined in part (b) and compute the value of perfect information.

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BUS6780 Module 8 Expected Monetary Values & Expected Payoff Assignment

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