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i wanna simple answer 5. The following profit payoff table was presented in Problem 1. Suppose that the decision test maker obtained the probability assessments

i wanna simple answer

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5. The following profit payoff table was presented in Problem 1. Suppose that the decision test maker obtained the probability assessments P(s,) = 0.65, P(S2) = 0.15, and P(s;) = 0.20. Use the expected value approach to determine the optimal decision. State of Nature Decision Alternative S1 5 2 S 3 di 250 100 25 d2 100 100 75

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