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Question 5 ( 2 points) A manager has developed a payoff table that indicates the profits associated with a set of alternatives under two possible

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Question 5 ( 2 points) A manager has developed a payoff table that indicates the profits associated with a set of alternatives under two possible states of nature. Answer the following questions. If states of nature are equally likely and an expected value criterion of maximization is used, which alternative would be chosen? Alternative 1. Alternative 3. Alternative 2. Alternatives 1 and 2

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