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Suppose that there is a decision to be made where there are two decision alternatives and three possible states of nature. Consider the payoff
Suppose that there is a decision to be made where there are two decision alternatives and three possible states of nature. Consider the payoff table below, and determine which decision to select using an optimistic approach. Enter a 1 in the blank below for decision 1 and a 2 in the blank for decision 2. d $1 5 d2 5 $2 $3 12 25 14 229 Your Answer: Answer
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