SCENARIO 19-1
the Following Payoff Table Shows Profits Associated with a Set

question 57

Multiple Choice

SCENARIO 19-1
The following payoff table shows profits associated with a set of 3 alternatives under 2 possible states
of nature. $\begin{array}{crrr}\text { States } & A 1 & A 2 & A 3 \\\hline 1 & 12 & -2 & 8 \\2 & 4 & 10 & 5\end{array}$

where: $\quad S 1$ is state of nature 1 $\quad$$A 1$ is action alternative 1
$\quad$$\quad$$\quad$$S 2$ is state of nature 2 $\quad$$A 2$ is action alternative 2
$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$A 3$ is action alternative 3
-Referring to Scenario 19-1, if the probability of S1 is 0.5, then the coefficient of variation for A1 is

• A) 0.231
• B) 0.5
• C) 1.5
• D) 2

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Definitions:

Business-to-Business (B2B)

transactions or relations conducted directly between companies rather than between companies and individual consumers.

E-commerce

The buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet.

Credit Card Transactions

Financial operations where purchases are made or services paid for using a credit card.

Cell Phone Location

The determination or estimation of the geographical position of a mobile phone, often used for services such as emergency assistance or navigation.