Abc company the soft-drink vendor has developed a table of, Ask an Expert

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ABC Company, the soft-drink vendor, has developed a table of payoffs for three stocking decisions for three dissimilar states of nature:

	States of nature (Demand)
Alternatives	Heavy	Medium	Low
Large stock	$2,060	$1,510	$1,200
Average stock	$1,390	$1,430	$1,290
Small stock	$1,560	$1,550	$1,890

Probabilities associated with states of nature are 0.4 for heavy demand, 0.2 for medium demand, and 0.4 for the low demand. What is the expected value with the perfect information? Identify only the amount. e.g. 14000

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Project Management, Management Studies

Category:- Project Management
Reference No.:- M915117

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