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Determine the alternative that provides clay why bark the

The probabilitiesHard Rock Cafe's annual Rockiest

Clay Why bark, a soft-drink vendor at Hard Rock Cafe's annual Rockiest, created a table of conditional values for the various alternatives (stocking decision) and states of nature (size of crowd):

	States of Nature (demand)
Alternatives	Dig	Average	Small
Large stock	$22,000	$12,000	-$2,000
Average stock	$14,000	$10,000	$6,000
Small stock	$ 9,000	$ 8,000	$4,000

The probabilities associated with the states of nature are 0.3 for a big demand, 0.5 for an average demand, and 0.2 for a small demand.

a) Determine the alternative that provides Clay Why bark the greatest expected monetary value (HMV).

b) Compute the expected value of perfect information.

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Financial Accounting: Determine the alternative that provides clay why bark the

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