Consider the Following Payoff Table with Amounts in $ Millions

Multiple Choice

Consider the following payoff table with amounts in $ millions. The column with investments lists mutually exclusive investment decisions.If you use the expected value criterion and you are indifferent between investments d₂ and d₃,then the probability that you assign to the state of nature S₂ is __________.

A) at least 0.45
B) at most 0.5
C) 0) 5
D) at least 0.5