Multiple Choice
The national sales manager for "I colored this" (ICT) T-shirts provides all salespersons with the following opportunity loss table showing the potential lost profit for each purchase decision or act from one to four dozen T-shirts. The probability of demand for each state of nature is also shown. What is the expected opportunity loss of purchasing four dozen T-shirts?
A) 84
B) 108
C) 156
D) 204
Correct Answer:

Verified
Correct Answer:
Verified
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