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Exhibit 21-5 Below You Are Given a Payoff Table Involving Three States

Question 9

Multiple Choice

Exhibit 21-5
Below you are given a payoff table involving three states of nature and three decision alternatives. Exhibit 21-5 Below you are given a payoff table involving three states of nature and three decision alternatives. The probability of occurrence of S<sub>1</sub> is 0.2 and the probability of occurrence of S<sub>2</sub> is 0.3. -Refer to Exhibit 21-5. The expected monetary value of alternative C is A) 30 B) 6.5 C) 5.7 D) 5.5 The probability of occurrence of S1 is 0.2 and the probability of occurrence of S2 is 0.3.
-Refer to Exhibit 21-5. The expected monetary value of alternative C is


A) 30
B) 6.5
C) 5.7
D) 5.5

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