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

Multiple Choice

The national sales manager for "I colored this" (ICT) T-shirts provides all salespersons with the payoff table shown next,giving the estimated profit when a retailer purchases from one to four dozen T-shirts. The probability of demand for each state of nature is also shown. What is the expected payoff for purchasing one dozen T-shirts?

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