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Please provide steps, thank you The following payoff table shows profits associated with a set of 3 alternatives under 2 possible states of nature. If

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The following payoff table shows profits associated with a set of 3 alternatives under 2 possible states of nature. If the probability of 51 is 0.5, what is the optimal alternative using the expected value approach? Alternatives State of Nature 2: Y Z 1 12 -2 3 2 4 10 5 Group of answer choices X Y It cannot be determined 2

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