Three of the fifteen convenience stores in your community have been robbed within the last month, all between 11:00 P. M. and midnight. The same suspect, who was captured on security videotape in two of the robberies but wears a ski mask over his face, is apparently responsible for each. His modus operandi is to enter the store when it is empty, point a gun (revolver) at the clerk and demand all the money in the cash register. The suspect speaks with a stutter and had difficulty getting the words out in one of the robberies. The clerks each say that they smelled alcohol on the suspect. What would you do

Aplant manager is considering buying additional stamping machines to accommodate increasing demand. the alternatives are to buy 1 machine, 2 machines, or 3 machines. the profits realized under each alternative are a function of whether their bid for a recent defense contract is accepted or not. the payoff table below illustrates the profits realized (in $000's) based on the different scenarios faced by the manager. alternative bid accepted bid rejected buy 1 machine $10 $5 buy 2 machines $30 $4 buy 3 machines $40 $2 refer to the information above. assume that based on historical bids with the defense contractor, the plant manager believes that there is a 65% chance that the bid will be accepted and a 35% chance that the bid will be rejected. what is the expected value under perfect information (evpi)?