Selling price $90.00
PAYOFFS
Alternatives 6 7 8 9 EMV Choice
6$210 $210 $210 $210 $210
Best outcome $210 $245 $280 $315
Expected Value OF Perfect Information (EVPI) = $23
Expected Value WITH Perfect Information (EVwPI) = $259
REGRET
Alternatives 6 7 8 9 EOL Choice
6$0 $35 $70 $105 $49
Problem 8-21
Outcomes
Outcomes
Salvage $0.00