A developer is choosing between two projects: P1 and P2. The profit from either project depends on future customer demand levels: high or low. The
A developer is choosing between two projects: P1 and P2. The profit from either project depends on future customer demand levels: high or low. The table below shows the profit in each case. Profit (in $ millions) High Demand Low Demand P1 11 P2 17 Which is a state of nature? O P1 11 O High Demand None of the listed choices
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