Exploring a new coal mine costs 100000 and has a 40 percent


Exploring a new coal mine costs $100,000 and has a 40 percent chance of finding $500,000 of coal and 60 percent chance of finding $100,000 of coal. The expected value of perfect information is:

a. $0

b. $100,000

c. $150,000

d. $200,000

Request for Solution File

Ask an Expert for Answer!!
Business Economics: Exploring a new coal mine costs 100000 and has a 40 percent
Reference No:- TGS01116662

Expected delivery within 24 Hours