Exhibit 21-4 Below You Are Given a Payoff Table Involving Two States

question 52

Multiple Choice

Exhibit 21-4
Below you are given a payoff table involving two states of nature and three decision alternatives. The probability of the occurrence of S₁ = 0.3.
-Refer to Exhibit 21-4. The expected monetary value of alternative C is

• A)10.2
• B)13.2
• C)12.9
• D)26

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