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Based on the following payoff table, answer the following: Alternative Yes No Small 10 30 Medium 20 40 Medium Large 30 45 Large 40 35

Based on the following payoff table, answer the following:

Alternative Yes No

Small 10 30

Medium 20 40

Medium Large 30 45

Large 40 35

Extra Large 60 20

Prior Probability 0.3 0.7

The maximum likelihood strategy is:

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