Below You Are Given a Revenue Payoff Table Involving Three

question 22

Multiple Choice

Below you are given a revenue payoff table involving three decision alternatives and two states of nature. ​ The probability of the occurrence of state of nature s₁ is .4.
The expected value of the best alternative equals

• A) 13,000.
• B) 14,000.
• C) 15,000.
• D) 16,000.

---

Definitions:

Recollection

The action of remembering something.

Improvisation

The act of creating or performing spontaneously without prior preparation.

Virtual Presentation

A presentation delivered electronically, allowing for remote or digital viewing, and often including multimedia elements to enhance viewer engagement.

Physical Actions

Movements or gestures by the body that convey messages, express emotions, or perform tasks.