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

question 101

Multiple Choice

Instruction 17-2
The following payoff table shows profits associated with a set of three alternatives under two possible events.
StatesA1A2A31122824105\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: S1\quad S 1 is event 1A11 \quad A 1 is action alternative 1
S2\quad\quad\quad\quad S 2 is event 2A22 \quad A 2 is action alternative 2
A3\quad\quad\quad\quad\quad\quad\quad A 3 is action alternative 3
-Referring to Instruction 17-2,if the probability of S1 is 0.2,what is the optimal decision using expected opportunity lost (EOL) ?


Definitions:

Guilt

A feeling of responsibility or remorse for some offense, crime, wrong, etc., whether real or imagined.

Probable Cause

Any essential element and/or standard by which a lawful officer may make a valid arrest, conduct a personal or property search, or obtain a warrant.

Miranda Rights

A set of warnings given by police in the United States to criminal suspects during arrest, informing them of their right to silence and legal representation.

Articulable Suspicion

A reasonable assumption based on specific facts that can justify further investigation or action by law enforcement.

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