SCENARIO 20-1 The Following Payoff Table Shows Profits Associated with a Set

question 113

Multiple Choice

SCENARIO 20-1
The following payoff table shows profits associated with a set of 3 alternatives under 2 possible states of nature.

-Referring to Scenario 20-1,if the probability of S1 is 0.5,then the expected opportunity loss (EOL) for A1 is

• A)3
• B)4.5
• C)7

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