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Question 9 (1 point) Listen Consider the following payoff table: Decision Alternative Probabilities Decision Alternative 1 Decision Alternative 2 Decision Alternative 3 Decision Alternative 4
Question 9 (1 point) Listen Consider the following payoff table: Decision Alternative Probabilities Decision Alternative 1 Decision Alternative 2 Decision Alternative 3 Decision Alternative 4 State of Poor Average 0.2 0.4 49 40 37 28 54 47 54 22 Nature Good 0.4 261 321 57 52 What is the best decision alternative using the Expected Value criterion? 1) DA1 O2) DA2 3) DA3 4) DA4
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