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The National Sales Manager for "I Colored This" (ICT) T-Shirts

Question 17

Multiple Choice

The national sales manager for "I colored this" (ICT) T-shirts, provides all salespersons with the payoff table shown below, giving the estimated profit when a retailer purchases from 1 to 4 dozen T-shirts. The probability of demand for each state of nature is also shown. The national sales manager for I colored this (ICT) T-shirts, provides all salespersons with the payoff table shown below, giving the estimated profit when a retailer purchases from 1 to 4 dozen T-shirts. The probability of demand for each state of nature is also shown. What is the expected payoff for purchasing 1 dozen T-shirts? A) 0 B) 72 C) 120 D) 168 What is the expected payoff for purchasing 1 dozen T-shirts?


A) 0
B) 72
C) 120
D) 168

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