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Exhibit 20-2 Below You Are Given a Payoff Table Involving Three States

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Exhibit 20-2
Below you are given a payoff table involving three states of nature and two decision alternatives. Exhibit 20-2 Below you are given a payoff table involving three states of nature and two decision alternatives.   The probability that S<sub>1</sub> will occur is 0.1; the probability that S<sub>2</sub> will occur is 0.6; and the probability that S<sub>3</sub> will occur is 0.3. -Refer to Exhibit 20-2. The recommended decision based on the expected value criterion is A) A B) B C) Both alternatives are the same. D) None of the answers are correct. The probability that S1 will occur is 0.1; the probability that S2 will occur is 0.6; and the probability that S3 will occur is 0.3.
-Refer to Exhibit 20-2. The recommended decision based on the expected value criterion is


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