Multiple Choice
Instruction 17-2
The following payoff table shows profits associated with a set of three alternatives under two possible events.
where: is event is action alternative 1
is event is action alternative 2
is action alternative 3
-Referring to Instruction 17-2,if the probability of S1 is 0.2 and S2 is 0.8,then the expected opportunity loss (EOL) for A1 is
A) 4.8.
B) 0.
C) 5.6.
D) 1.2.
Correct Answer:

Verified
Correct Answer:
Verified
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