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Chelsea

Decision Tables
Enter
Enter the
the profits
profits or
or costs
costs in
in the
the main
main body
body of
of the
the data
data table.
table. Enter
Enter probabilities
probabilities in
in the
the first
first row
row ifif you
you want
want to
to com
com

Data
Profit Scenario 1 Scenario 2
Probability 5% 1%
Decision 1 20000000 15000000
Decision 2 14000000 9000000
Maximum

Expected Value of Perfect Information

Column best 20000000 15000000
Enter
Enter probabilities
probabilities in
in the
the first
first row
row ifif you
you want
want to
to compute
compute the
the expected
expected value.
value.

Results
EMV Minimum Maximum
Probabilities do not sum to 1
1150000 15000000 20000000
790000 9000000 14000000
1150000 15000000 20000000

1150000 <-Expected value under certainty

1150000 <-Best expected value
0 <-Expected value of perfect information
Decision Tables
Enter
Enter the
the profits
profits or
or costs
costs in
in the
the main
main body
body of
of the
the data
data table.
table. Enter
Enter probabilities
probabilities in
in the
the first
first row
row ifif you
you want
want to
to com
com

Data
Profit Scenario 1 Scenario 2
Probability 70% 80%
Decision 1 422100 2159550
Decision 2 2159550 422100
Decision 3
Decision 4
Maximum

Expected Value of Perfect Information

Column best Rp2,159,550.00 Rp2,159,550.00
babilities
babilities in
in the
the first
first row
row ifif you
you want
want to
to compute
compute the
the expected
expected value.
value.

Results
EMV Minimum Maximum
Probabilities do not sum to 1
2023110 422100 2159550
1849365 422100 2159550
0 0 0
0 0 0
2023110 422100 2159550

3239325 <-Expected value under certainty

2023110 <-Best expected value
1216215 <-Expected value of perfect information