Exhibit 20-3 Belotnr you are given a payoff table involving two states of nature and three decision alternatives. Decision States of Nature Alternative 51 S: A 50,000 10,000 E 10,000 15,000 E 25,000 10,000 The probability of the occurrence of state of nature S1 is 0.4. 2?. Refer to Exhibit 20-3. The recommended decision based on the expected value criterion is all b.E c. C d. All alternatives are the same