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19. For the Orlando real estate investment problem, assume the probabilities for the gasoline shortage,...

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19. For the Orlando real estate investment problem, assume the probabilities for the gasoline shortage, stable supply and surplus are .5, .3 and .2. Then compute the expected value of perfect information, it is (type number only, no decimals, no dollar sign)

20. Based on the following sequential decision tree, compute the expected payoff of node 7. It is (type number only, no decimals, no dollar sign)

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\begin{tabular}{lrrr} \hline & \multicolumn{3}{c}{ Gasoline Availability } \\ \cline { 2 - 4 } Investment & Shortage & Stable Supply & Surplus \\ \hline Motel & $8,000 & $15,000 & $20,000 \\ Restaurant & 2,000 & 8,000 & 6,000 \\ Theater & 6,000 & 6,000 & 5,000 \\ \hline \end{tabular} \begin{tabular}{lrrr} \hline & \multicolumn{3}{c}{ Gasoline Availability } \\ \cline { 2 - 4 } Investment & Shortage & Stable Supply & Surplus \\ \hline Motel & $8,000 & $15,000 & $20,000 \\ Restaurant & 2,000 & 8,000 & 6,000 \\ Theater & 6,000 & 6,000 & 5,000 \\ \hline \end{tabular}

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