The owner of a small computer consulting firm was attending the annual trade meeting of the computer industry and spoke with the owner of a second consulting firm about doing joint projects. The owner of the second firm replied by rejecting the idea immediately, stating that she believed that the first owner was incompetent. A sales representative of a computer supply firm overheard the remark. The owner of the first firm sued the owner of the second firm for defamation. If the first owner does not prevail in this lawsuit, what will be the likely reason

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)?