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    Basic Business Statistics Study Set 3
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    Exam 20: Decision Making
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    SCENARIO 20-1 The Following Payoff Table Shows Profits Associated with a Set
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SCENARIO 20-1 The Following Payoff Table Shows Profits Associated with a Set

Question 8

Question 8

Multiple Choice

SCENARIO 20-1
The following payoff table shows profits associated with a set of 3 alternatives under 2 possible states of nature.
SCENARIO 20-1 The following payoff table shows profits associated with a set of 3 alternatives under 2 possible states of nature.   -Referring to Scenario 20-1,the opportunity loss for A3 when S2 occurs is A) 0 B) 4 C) 5 D) 6
-Referring to Scenario 20-1,the opportunity loss for A3 when S2 occurs is


A) 0
B) 4
C) 5
D) 6

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