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Compute the Expected value of the perfect information for the given problem.
Given the subsequent cost tree what is the expected outcome?
5
$1,000
0.3
$500
0.2
($300)
$1,500
0.8
$300
Statistics and Probability, Statistics
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A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf
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