A Company Has Three Products That Fluctuate in Favorability

Multiple Choice

A company has three products that fluctuate in favorability. The payoff matrix for the expected profit in tens of thousands of dollars is given below. What are the percentages of each product that the company should make that would maximize the expected value of the profit? Round to the nearest tenth of a percent, if necessary.

A) Product 1: 0%, Product 2: 100%, Product 3: 0%
B) Product 1: 38.5%, Product 2: 0%, Product 3: 61.5%
C) Product 1: 100%, Product 2: 0%, Product 3: 0%
D) Product 1: 33.3%, Product 2: 33.3%, Product 3: 33.3%