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The Following Is a Payoff Table Giving Profits for Various

Question 87

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 person selected Alternative 1,what would the expected profit be? A) 120 B) 133.33 C) 126 D) 180 E) None of the above The probabilities for states of nature A,B,and C are 0.3,0.5,and 0.2,respectively.If a person selected Alternative 1,what would the expected profit be?


A) 120
B) 133.33
C) 126
D) 180
E) None of the above

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