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Given the following profit payoff table: X S1 S2 S3 190 70 60 di d2 dz 200 -40 180 2 10 -80 280 1. Construct
Given the following profit payoff table: X S1 S2 S3 190 70 60 di d2 dz 200 -40 180 2 10 -80 280 1. Construct an opportunity loss (regret) table by completing the following table. $1 82 S3 di dz dz 2. Given the probabilities of the states of nature are P(31) = 0.2, P(82) = 0.1, and P(83) = 0.7, calculate the minimum expected opportunity loss. Minimum EOL = 3. What is the best alternative based on expected opportunity loss? dy dz dz 4. What is the EV PI
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