Sporting Goods Store
A payoff table for a clothing store is shown below. 
The following prior probabilities are assigned to the states of nature: P(s1)= 0.2,P(s2)= 0.6,and P(s3)= 0.2.
-{Sporting Goods Store Narrative} Set up the opportunity loss table.
Definitions:
Citizenship
The status of being recognized as a legal member of a specific country, with associated rights and responsibilities.
Void
Having no legal force or effect; not valid or legally binding.
Ultra Vires
Acts performed outside or beyond the powers of the legal authority or corporation’s capabilities.
Consideration
Something of value that is exchanged between parties in a contract, making the agreement legally binding.
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