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The following Cost payoff table was obtained from a Real Estate Agent in Victoria, BC for your recommendation. Decision Alternatives States of nature S 1

The following Cost payoff table was obtained from a Real Estate Agent in Victoria, BC for your recommendation.
Decision
Alternatives
States of nature
S1
S2
S3
D1
220
100
80
D2
200
115
60
D3
250
130
30
What is the best expected value if the probabilities are as follows:
P(S1)=0.15. P(S2)=0.35. P(S3)=0.5

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