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The national sales manager for "I colored this" (ICT) T-shirts, provides all salespersons with the opportunity loss table showing the potential lost profit for each purchase decision or act from 1 to 4 dozen T-shirts. The probability of demand for each state of nature is also shown. What is the expected opportunity loss of purchasing 2 dozen T-shirts?
Motivation
The psychological forces that determine the direction of a person's behavior in an organization, a person's level of effort and a person's level of persistence.
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