TABLE 17-1
the Following Payoff Table Shows Profits $\begin{array}{llcc} \text {States } &\text { A1 }&\text { A2 }&\text {A3 }\\\hline1&12&-2&8\\2&4&10&5\end{array}$

question 89

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 0.4, what is the probability of S2?

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Definitions:

Agreement

The state or condition of having the same opinion or reaching a mutual decision among individuals or groups.

Physically Attractive

Possessing qualities or features that are aesthetically pleasing or appealing to the senses, often influencing social perception and interactions.

Preferences

Individual likes, choices, or inclinations regarding various options, which influence decision-making and behaviors.

Display Wealth

The act of showing off one's economic status through luxury goods, attire, or lifestyle.