The Following Is a Payoff Table Giving Profits for Various

question 60

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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systematic investigation and study of materials and sources to establish facts and reach new conclusions.

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Contingency Management

A behavioral intervention strategy that modifies behavior by changing the consequences of that behavior, often through reward or punishment.