USE THIS TABLE to practice the ExpectedMonetary Value (EMV), Expected Opportunity Loss (EOL), and ExpectedValue of Perfect Information (EVPI). *** Use the .30 for theprobability of a Strong Market, .50 for the probability of a FairMarket, and .20 for the probability of a Poor Market. (SHOW YOURWORK) and show your selections (highlight your bestalternative)
Type of Facility | Profit |
| Strong Market | Fair Market | Poor Market |
Large Facility | 550,000 | 110,000 | -310,000 |
Medium-sized facility | 300,000 | 129,000 | -100,000 |
Small Facility | 200,000 | 100,000 | -32,000 |
No facility | 0 | 0 | 0 |
