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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 3 dozen T-shirts?
Preempted
Prevented from occurring or taking precedence by acting in advance.
Sidetracked
Getting diverted from the main path or focus, often leading to a delay or change in achieving a goal.
Job Demands
The physical, psychological, social, or organizational aspects of a job that require sustained physical and/or psychological effort or skills.
Prolonged Search
An extensive and thorough process of seeking or investigating, typically over an extended period, to find or discover something.
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