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Question 12 Given the following profit payoff table: $1 $2 210 60 320 d2 310 -40 260 d3 200 -120 320 1. Construct an opportunity
Question 12 Given the following profit payoff table: $1 $2 210 60 320 d2 310 -40 260 d3 200 -120 320 1. Construct an opportunity loss (regret) table by completing the following table. $ 1 d1 d3 2. Given the probabilities of the states of nature are P($1) = 0.2, P($2) = 0.2, and P($3) = 0.6, calculate the minimum expected opportunity loss. Minimum EOL = 3. What is the best alternative based on expected opportunity loss? OOO 4. What is the EV PI? Move Auction MacBook Pro esc C G Search or type URL @ # $ % & 3 5 8 N 4 6
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