Lingerie Store
The following table displays the payoffs (in thousands of dollars)for five different decision alternatives under three possible states of nature for a new Lingerie store: 
The prior probabilities of the states of nature are: P(s1)= 0.2,P(s2)= 0.3,and P(s3)= 0.5.
-{Lingerie Store Narrative} Calculate the expected payoff with perfect information.
Definitions:
Legalization
The process of making something legal, which was previously illegal or regulated under law.
Crime Rates
The number of reported crimes within a given population and time period, often used as an indicator of the level of criminal activity.
Diversionary Measures
Actions or strategies designed to distract or divert attention from the original issue or problem.
Indigenous Persons
People native to a region, characterized by distinct cultural, social, and historical traits, often maintaining traditional practices.
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