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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

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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 S3. SIS2S3 A $60 $145 $120 B $75 $125 $110 C $95 $85 $130 Refer to the payoff table. Using the Laplace criterion, what would be the highest expected payoff? a $103.30 b. $125 c.$108.30 d. $120

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