c) You are given the following pay-offs of three acts

A1,A2

and

A3

, and the states of nature S1, S2 and S3.\ \\\\table[[States of nature,A1,A2,A3],[S1,25,-10,-125],[S2,400,440,400],[S3,650,740,750]]\ The probabilities of the states of nature are respectively,

0.1,0.7

and 0.2 . Calculate and tabulate the EMV and conclude which of the acts can be chosen as the best.

c) You are given the following pay-offs of three acts A1,A2 and A3, and the states of nature S1,S2 and S3. I he probabilities of the states of nature are respectively, 0.1,0.7 and 0.2 . Calculate and tabulate the EMV and conclude which of the acts can be chosen as the best