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c ) You are given the following pay - offs of three acts A 1 , A 2 and A 3 , and the states
c You are given the following payoffs of three acts and and the states of nature S S and S tableStates of nature,AAASSS The probabilities of the states of nature are respectively, and Calculate and tabulate the EMV and conclude which of the acts can be chosen as the best.
c You are given the following payoffs of three acts and and the states of nature S S and S
tableStates of nature,AAASSS
The probabilities of the states of nature are respectively, and Calculate and tabulate the EMV and conclude which of the acts can be chosen as the best.
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