The Super Cola Company must decide whether or not to introduce a new diet soft drink. Management feels that if it does introduce the diet soda it will yield a
profit of $1 million if sales are around 100 million a profit of $200000 if sales are around 50 million or it will lose $2 million if sales are only around
1 million bottles. If Super Cola does not market the new diet soda it will suffer a loss of $400000.
E. Based on opportunity losses which strategy is best for super cola? F. What is the EVPI (expected value of information)? How do you find this?