Answer Happy

A farmer is considering planting five possible crop mixes. The
outcomes depend on the weather (dry, average, or rainy). Assume the
three possible weather states have probabilities: dry = 30%,
average = 40%, rainy = 30%. Answer the following two
questions.
Dry
Average
Rainy
Mix A
-1
1
9
Mix B
5
-1
3
Mix C
-1
2
4
Mix D
2
2
3
Mix E
3
0
-1
Which planting decision has the highest expected monetary
value?
What is the expected value of perfect information?
mix A
mix B
mix C
mix D
mix E
2.2
2.4
2.6
2.8
3.0