Below You Are Given a Profit Payoff Table Involving Two

question 9

Multiple Choice

Below you are given a profit payoff table involving two decision alternatives and three states of nature. ​ The probability that s₁ will occur is .2; the probability that s₂ will occur is .6.
The expected value of the best alternative equals

• A) 29.
• B) 105.
• C) 12.0.
• D) 41.0.

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