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TABLE 19-1 The Following Payoff Table Shows Profits Associated with a Set

Question 26

Multiple Choice

TABLE 19-1
The following payoff table shows profits associated with a set of 3 alternatives under 2 possible states of nature. TABLE 19-1 The following payoff table shows profits associated with a set of 3 alternatives under 2 possible states of nature. -Referring to Table 19-1, if the probability of S1 is 0.2 and S2 is 0.8, then the expected monetary value of A1 is A) 2.4. B) 5.6. C) 8. D) 16.
-Referring to Table 19-1, if the probability of S1 is 0.2 and S2 is 0.8, then the expected monetary value of A1 is


A) 2.4.
B) 5.6.
C) 8.
D) 16.

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