a) The following payoff table was develpoed. Let P(S₁) = 0.30, P(S₂) = 0.50 and P(S₃) = 0.20. Compute the expected monetary value for the alternative A_2.

_b) The following payoff table was develpoed. Let P(S₁) = 0.30, P(S₂) = 0.50 and P(S₃) = 0.20. Compute the expected opportunity loss for alternative A_1.

State of Nature ($)

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