Video Business
A high school student,who started doing videos as a hobby,is considering going into the videography business.The anticipated payoff table is: 
The following prior probabilities are assigned to the states of nature: P(poor)= 0.4,P(fair)= 0.4,and P(super)= 0.2.
-{Video Business Narrative} Calculate the expected opportunity loss for each act with present information.What decision should be made using the EOL criterion?
Definitions:
Work Time Control
The degree of flexibility that an individual has over the scheduling and duration of their work hours.
Non-College-Bound Students
Individuals who opt not to pursue higher education immediately after high school, choosing instead to enter the workforce, vocational training, or other paths.
High School Graduates
Individuals who have successfully completed the curriculum and requirements set by a high school institution.
Pre-Med Program
An undergraduate course or series of courses that prepare students for admission to medical school.
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