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Sporting Goods Store a Payoff Table for a Clothing Store Is Shown

Question 19

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Sporting Goods Store
A payoff table for a clothing store is shown below. Sporting Goods Store A payoff table for a clothing store is shown below. The following prior probabilities are assigned to the states of nature: P(s<sub>1</sub>)= 0.2,P(s<sub>2</sub>)= 0.6,and P(s<sub>3</sub>)= 0.2. ​ ​ -{Sporting Goods Store Narrative} Determine the EOL decision. The following prior probabilities are assigned to the states of nature: P(s1)= 0.2,P(s2)= 0.6,and P(s3)= 0.2. ​ ​
-{Sporting Goods Store Narrative} Determine the EOL decision.

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EOL (a1)= (0.2)(0)+ (0.6)(0)+ (...

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