The National Sales Manager for "I Colored This" (ICT) T-Shirts

question 6

Multiple Choice

The national sales manager for "I colored this" (ICT) T-shirts, provides all salespersons with the payoff table shown below, giving the estimated profit when a retailer purchases from 1 to 4 dozen T-shirts. The probability of demand for each state of nature is also shown. What is the maximum payoff under conditions of certainty?

• A) 120
• B) 240
• C) 360
• D) 480

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Definitions:

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