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QUESTION 2 The following payoff table shows the profit for a decision analysis problem with three decision alternatives (whether to buy CISCO, MOTOROLA or NORTEL

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QUESTION 2 The following payoff table shows the profit for a decision analysis problem with three decision alternatives (whether to buy CISCO, MOTOROLA or NORTEL shares) under three states of nature (GOOD, AVERAGE, POOR). Good Average Poor CISCO $250 $100 $25 MOTOROLA $100 $100 $75 NORTEL $300 $120 $50 Complete the table below using the techniques outlined in this chapter: Decision State of Nature Payoff ($) Optimistic Conservative Min Max Regret

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