TABLE 17-1
the Following Payoff Table Shows Profits Associated with a Set

question 52

Multiple Choice

TABLE 17-1
The following payoff table shows profits associated with a set of 3 alternatives under 2 possible states of nature.
$\begin{array}{llcc} \text {States } &\text { A1 }&\text { A2 }&\text {A3 }\\\hline1&12&-2&8\\2&4&10&5\end{array}$


$\text {where:}$$\quad$$\quad$ $\text {S1 is state of nature 1 }$$\quad$$\text {A1 is action alternative 1}$
$\quad$$\quad$$\quad$$\quad$$\quad$$\text {S2 is state of nature 2}$$\quad$$\text { A2is action alternative 2}$
$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\text {A3 is action alternative3 }$
-Referring to Table 17-1, if the probability of S1 is 0.2 and S2 is 0.8, what is the expected opportunity loss (EOL) for A1?

• A) 5.6
• B) 4.8
• C) 1.2
• D) 0

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Definitions:

Peacekeeping

The maintenance of international peace and security by international organizations through military or non-military means.

Ethics Of Care

A normative ethical theory emphasizing interpersonal relationships and the importance of compassion, empathy, and emotional response in moral decision-making.

Interdependent

Mutually reliant on each other; the condition wherein elements or individuals depend on each other to thrive or survive.

Necessary Conditions

Conditions or factors that must be present for a certain event or outcome to occur.