All were told time limit their direct spending to 20,000,000.
Economic constant: alpha 100,000 better condition 25% Same conditions 70,000,000 50% Worse Condition 30,000,000 25%
Economic constant: kappa 85,000,000 25% Same condition 75,000,000 50%. Worse Condition 40,000,000 25%
Economic constant: omega 75,000,000 25% Same conditions 65,000,000 80%. Worse Condition 50,000,000 25%
1.What is the expected net value of each consumers proposed campaign?
2.What is the expected value or perfect infraction?
Hi
(a) Please see the calculations below. Expected Value = p(better)*
V(Better) + p(same) * V(same) + p(worse)*V(worse)
| Probability | Alpha | Kappa | Omega | |
| Better | 0.25 | 100 | 70 | 30 |
| Same | 0.5 | 85 | 75 | 40 |
| Worse | 0.25 | 75 | 65 | 50 |
| Expected Value | 86.25 | 71.25 | 40 | |
(b) Total Expected Value: 197.5.
All were told time limit their direct spending to 20,000,000. Economic constant: alpha 100,000 better condition...