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For the Below Payoff Table, If P(S1) = 0

Question 54

Multiple Choice

For the below payoff table, if P(S1) = 0.3, P(S2) = 0.5 and P(S3) = 0.2, what decision would you recommend? For the below payoff table, if P(S1) = 0.3, P(S2) = 0.5 and P(S3) = 0.2, what decision would you recommend? A) Go with Alternative A. It has an expected payoff of $63. B) Go with Alternative B. It has an expected payoff of $72. C) Go with Alternative C. It has an expected payoff of $63.


A) Go with Alternative A. It has an expected payoff of $63.
B) Go with Alternative B. It has an expected payoff of $72.
C) Go with Alternative C. It has an expected payoff of $63.

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