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Consider the following payoff table that represents the profits earned for each alternative (A, B, and C) under the states of nature S1, S2, and
Consider the following payoff table that represents the profits earned for each alternative (A, B, and C) under the states of nature S1, S2, and $3. S1 S2 S3 A $60 $145 $120 B $75 $125 $110 C $95 $85 $130. Refer to the payoff table. Using the criterion of realism and an alpha value of 0.7, what would be the highest expected payoff? Oa. $ $127 b. $98.50 Oc. $116 Od.$ 119.50
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