Use This Information to Answer the Following Questions

question 38

Multiple Choice

Use this information to answer the following questions.
Consider the following payoff table that represents the profits earned for each alternative (A,B,and C) under the states of nature S1,S2,and S3.

-Refer to the payoff table.Using the Laplace criterion,what would be the highest expected payoff?

• A)$103.3
• B)$108.3
• C)$120
• D)$125
• E)$145

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Definitions:

Informed Consent

The process of obtaining permission before conducting a healthcare intervention on a person, with the individual having an understanding of the risks and benefits involved.

Participation

Active involvement or engagement in activities or events, often contributing to outcomes or processes.

Risks

Potential for experiencing harm or loss when engaging in an activity or situation.

Deception

The act of misleading or tricking someone into believing something that is not true.