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

question 7

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 0.5, what is the EVPI for the payoff table?

• A) 3
• B) 11
• C) -3
• D) 8

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Definitions:

Action Trope

Common themes or devices frequently found in action genre films or literature, such as car chases or heroic quests.

Sylvester Stallone

An American actor, screenwriter, director, and producer known for his roles in "Rocky" and "Rambo," epitomizing the action hero archetype.

Arnold Schwarzenegger

An Austrian-American actor, former professional bodybuilder, and politician known for his roles in action films and serving as the 38th Governor of California.

Comic-Book Adaptation

The process of transforming comic book stories and characters into other forms of media, particularly films and television series.