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show steps please Based on the information given below, respond to questions 8 to 10 According to the profit payoff table given below, if p
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Based on the information given below, respond to questions 8 to 10 According to the profit payoff table given below, if p is the probability of S1 and (1p) is the probability of S2 : 8. For what values of p would you choose d1 ? (6 Points) a. Choose d1 if 0.5p0.7 b. Choose d1 if 0.4p0.75 c. Choose d1 if 0.6p0.833 d. Choose d1 if 0.5p0.833 9. For what values of p would you choose d2 ? (6 Points) a. choose d2 is p0.8 b. choose d2 is p0.6 c. choose d2 is p0.5 d. choose d2 is p0.4 10 . For what values of p would you choose d3 ? (6 Points) a. choose d3 if p0.7 b. choose d3 if p0.6 c. choose d3 if p0.75 d. choose d3 if p0.833Step by Step Solution
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