TABLE 19-1 The Following Payoff Table Shows Profits Associated with a Set

question 251

Multiple Choice

TABLE 19-1
The following payoff table shows profits associated with a set of 3 alternatives under 2 possible states of nature.
-Referring to Table 19-1, if the probability of S1 is 0.5, then the expected opportunity loss (EOL) for A1 is

• A) 3.
• B) 4.5.
• C) 7.
• D) 8.

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