Time Remaining: 01:18:27 Submit is Question: 15 pts 2 of 13 (1 complete) ? This

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Time Remaining: 01:18:27 Submit is Question: 15 pts 2 of 13 (1 complete) ? This Quiz: 70 pts poss Andrew Thomas, a sandwich vendor at Hard Rock Cafe's annual Rockfest, created a table of conditional values for the various alternatives (stocking decision) and states of nature (size of crowd) Alternatives Large Stock Average Stock Small Stock States of Nature (demand) Average $18,000 $12,000$2,500 $14,000 $11,000 $6,500 $9,600$8,100 $4,800 Big Small The probabilities associated with the states of nature are 025 for a big demand, 0.50 for an average demand, and 0.25 for a small demand a) The altermative that provides Andrew Thomas the greatest expected monetary value (EMV) is The EMV of this deoision is (enter your answer as a whole number) b) The expected value of perfect information (EVPI) for Andrew Thomas (nter your answer as a whole number EM MA d Rock ocking c xisx - A 3306 Enter your answer in each of the answer boxes. Café's annu aking decisio 25

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Part a:

EMV’s:

Answer:

Part B:

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