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

question 51

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SCENARIO 19-1
The following payoff table shows profits associated with a set of 3 alternatives under 2 possible states
of nature.  States A1A2A31122824105\begin{array}{crrr}\text { States } & A 1 & A 2 & A 3 \\\hline 1 & 12 & -2 & 8 \\2 & 4 & 10 & 5\end{array}

where: S1\quad S 1 is state of nature 1 \quad A1A 1 is action alternative 1
\quad \quad \quad S2S 2 is state of nature 2 \quad A2A 2 is action alternative 2
\quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad A3A 3 is action alternative 3
-Referring to Scenario 19-1, if the probability of S1 is 0.2, what is the optimal alternative using EOL?

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Definitions:

Sport Psychologist

A professional who applies psychological principles to athletic activity and exercise to help athletes improve performance, cope with pressure, and recover from injuries.

Arousal Theory

A theory suggesting that people are motivated to maintain an optimal level of arousal, not too low or too high, for their best performance.

Sensation-Seekers

Individuals who have a strong desire for experiences that are thrilling, complex, varied, and intense, often embracing risks for the sake of such experiences.

Risky Recreational Behaviors

Activities undertaken for enjoyment that involve a significant degree of risk or danger.

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