If the probabilities of each economic condition are 0.5, 0.1, 0.35, and 0.05, respectively, what is the expected value of perfect information?
What will be an ideal response?
Answer: The EVPI is 28.5.
Business
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An individual who occupies a position of trust when handling the financial affairs of another is
A) a superior B) a trustee C) a consultant D) a fiduciary"
Business
When organizations consider how to manage their employees, three axioms are given to establish a foundation for managing employees for competitive advantage. Which of the following are not one of the axioms?
A. No two companies are the same. B. Employees will act in the best interest of the company C. Using the wrong practice, or the right practice poorly, will cause more harm than good. D. There is no one best way to manage employees.
Business