What is the maximum amount that you would be willing to pay for perfect information?
What will be an ideal response?
Answer: Expected payoff with perfect information = (.3)(80) + (.5)(70) + (.2)(90) = 77
EVPI = 77 - max (EV) = 77 -57 = 20
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Which of the following statements is not an example of local products or brands?
A) Coca-Cola developed several branded drink products for Japan. B) Coca-Cola markets Kinely brand bottled water in India. C) BMW uses "the ultimate driving machine" slogan in India. D) Diageo PLC markets Gordon's Edge, a gin-based ready-to-drink beverage in the United Kingdom. E) Coca-Cola developed a noncarbonated, ginseng-flavored beverage for Japan.
The most traditional feedback role of leaders is that of a feedback ______.
a. seeker b. receiver c. giver d. analyzer
What type of will is handwritten by the testator?
a. Formal b. Holographic c. Nuncupative d. Statutory will
Researchers often perform a _______________ to collapse a scale with multiple response points into two categories.
A. data indexing B. median split C. data transformation D. bivariate