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

question 53

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 profit under certainty (EPUC ) is

• A)3
• B)5
• C)8
• D)11