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4 3-Use expected value criteria to calculate and choose the right decision States of nature S1=50% S2=30% S3=?? D1 100 300 800 D2 1500 2000

4 3-Use expected value criteria to calculate and choose the right decision States of nature S1=50% S2=30% S3=?? D1 100 300 800 D2 1500 2000 100 D3 50 100 60 T

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