TABLE 17-2
the Following Payoff Matrix Is Given in Dollars $\quad$

question 19

Multiple Choice

TABLE 17-2
The following payoff matrix is given in dollars.
$\quad$ $\quad$ $\quad$ $\quad$$\text {Action}$
$\begin{array} { c c c } \text { Event } & A & B \\\hline1 & 400 & 700 \\2 & 200 & 500\end{array}$
Suppose the probability of Event 1 is 0.5 and Event 2 is 0.5.
-Referring to Table 17-2, what is the action with the preferable coefficient of variation?

• A) Action A
• B) Action B
• C) either Action A or Action B
• D) It cannot be determined.

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