The Following Is a Payoff Table Giving Profits for Various

question 118

Multiple Choice

The following is a payoff table giving profits for various situations. The probabilities for states of nature A, B, and C are 0.3, 0.5, and 0.2, respectively. If a perfect forecast of the future were available, what is the expected value with this perfect information?

• A) 130
• B) 160
• C) 166
• D) 36
• E) None of the above

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