1. (9 points) Consider the pay-off table below, with three alternatives A_j and three states of nature S_j in $. Let P(S₁) = 0.30, P(S₂) = 0.50, P(S₃) = 0.20. Compute the expected monetary value for each of the alternatives. (Round the final answer to the nearest dollar.)

Pay-off Table:

Alternative	S1($)	S2($)	S3($)
A1	50	70	100
A2	90	40	80
A3	70	60	90