Instruction 17-2
the Following Payoff Table Shows Profits Associated with a Set

question 38

Multiple Choice

Instruction 17-2
The following payoff table shows profits associated with a set of three alternatives under two possible events.
$\begin{array} { c r r r } States & A 1 & A 2 & A 3 \\\hline 1 & 12 & - 2 & 8 \\2 & 4 & 10 & 5\end{array}$
where: $\quad S 1$ is event $1 \quad A 1$ is action alternative 1
$\quad\quad\quad\quad S 2$ is event $2 \quad A 2$ is action alternative 2
$\quad\quad\quad\quad\quad\quad\quad A 3$ is action alternative 3
-Referring to Instruction 17-2,the opportunity loss for A2 when S1 occurs is

• A)14.
• B)0.
• C)5.
• D)-2.

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