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Exhibit 21-1 Below You Are Given a Payoff Table Involving Two States

Question 17

Multiple Choice

Exhibit 21-1
Below you are given a payoff table involving two states of nature and three decision alternatives. Exhibit 21-1 Below you are given a payoff table involving two states of nature and three decision alternatives. The probability of occurrence of S<sub>1</sub> = 0.2. -Refer to Exhibit 21-1. The expected monetary value of the best alternative is A) 8.8 B) 7.4 C) 9.6 D) 11.6 The probability of occurrence of S1 = 0.2.
-Refer to Exhibit 21-1. The expected monetary value of the best alternative is


A) 8.8
B) 7.4
C) 9.6
D) 11.6

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