The following is a payoff table giving profits for various situations.
State of Nature
Alternatives A B C
Alternatives 1 100 120 180
Alternatives 2 200 100 50
Alternatives 3 120 140 120
Do Nothing 0 0 0
The probabilities for states of nature A, B, and C are 0.3, 0.5, and 0.2, respectively. If a perfect forecast of the future were available, what is the expected value of perfect information (EVPI)?
a) 166
b) 0
c) 36
d) none of the above