If the probabilities of cold weather (S1), warm weather (S2), and rainy weather (S3) are 0.2, 0.4, and 0.4, respectively, then what is the EVPI for this situation?

Down payments are designed to reduce the likelihood of default on mortgage loans

Indicate whether the statement is true or false

The changes in the price of the least consumed commodities are overly influential in a weighted aggregate price index

Indicate whether the statement is true or false