TABLE 17-5
the Following Payoff Table Shows Profits Associated with a Set

question 36

Short Answer

TABLE 17-5
The following payoff table shows profits associated with a set of 2 alternatives under 3 possible events.
$\quad$ $\quad$ $\quad$ $\quad$ $\text {Action }$
$\begin{array} { c c c } \text { Event } & A & B \\1 & 1000 & 1200 \\2 &500 & 700\\3&300&-200\end{array}$

Suppose that the probability of Event 1 is 0.2, Event 2 is 0.5, and Event 3 is 0.3.
-Referring to Table 17-5, what is the return to risk ratio for Action B?

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Definitions:

Data Warehouses

Complex systems designed to consolidate, store, and analyze extensive datasets for business intelligence purposes, emphasizing their role in organizational analytics.

Artificial Intelligence

Machines, notably computer systems, imitating processes of human intelligence such as learning, reasoning, and the ability to correct themselves.

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The graphical representation of information and data. By using visual elements like charts, graphs, and maps, data visualization tools provide an accessible way to see and understand trends, outliers, and patterns in data.