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The Following Is an Opportunity-Loss Table

Question 116

Multiple Choice

The following is an opportunity-loss table. The following is an opportunity-loss table. The probabilities for the states of nature A, B, and C are 0.3, 0.5, and 0.2, respectively. If a person were to use the expected opportunity loss criterion, what decision would be made? A) Alternative 1 B) Alternative 2 C) Alternative 3 D) State of Nature C E) State of Nature B The probabilities for the states of nature A, B, and C are 0.3, 0.5, and 0.2, respectively. If a person were to use the expected opportunity loss criterion, what decision would be made?


A) Alternative 1
B) Alternative 2
C) Alternative 3
D) State of Nature C
E) State of Nature B

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