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Hurwicz Coefficient of Optimism Using the following pay-off table to select the best decision using the coefficient a =0.25 Future States of Nature Decision Good
Hurwicz Coefficient of Optimism Using the following pay-off table to select the best decision using the coefficient a =0.25 Future States of Nature Decision Good Conditions Poor Conditions Grow $500,000 $200,000 Maintain $1,000,000 -$150,000 Exit $320,000 $320,000
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