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Refer to Exhibit 20-5. The expected value of alternative C is _____. Exhibit 20-5 Below is a payoff table involving three states of nature and
Refer to Exhibit 20-5. The expected value of alternative C is _____.
Exhibit 20-5 Below is a payoff table involving three states of nature and three decision alternatives.
Decision | States of Nature | ||
Alternative | s1 | s2 | s3 |
A | 20 | 10 | 15 |
B | 16 | 5 | 8 |
C | 15 | 25 | 10 |
The probability of occurrence of s1 is .2, and the probability of occurrence of s2 is .3.
Select one:
a. 5.5
b. 6.5
c. 5.7
d. 30
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