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The Following Is a Payoff Table Giving Profits for Various

Question 71

Multiple Choice

The following is a payoff table giving profits for various situations. The following is a payoff table giving profits for various situations. The probabilities for states of nature A, B, and C are 0.3, 0.5, and 0.2, respectively.If a perfect forecast of the future were available, what is the expected value with this perfect information? A) 130 B) 160 C) 166 D) 36 The probabilities for states of nature A, B, and C are 0.3, 0.5, and 0.2, respectively.If a perfect forecast of the future were available, what is the expected value with this perfect information?


A) 130
B) 160
C) 166
D) 36

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