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Pls explain why the answer is .33. Consider the following payoff table. Based upon these probabilities, a person would select Alternative 2.Suppose there is concern
Pls explain why the answer is .33.
Consider the following payoff table.
Based upon these probabilities, a person would select Alternative 2.Suppose there is concern about the accuracy of these probabilities.It can be stated that Alternative 2 will remain the best alternative as long as the probability of A is at least
A) 0.33.
B) 0.50.
C) 0.40.
D) 0.60.
E) None of the above
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