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The following is an opportunity loss table. States of nature a b c Alternative 120 100 0 Alternative 2100 0 25 Alternative 30 40 90

The following is an opportunity loss table.

States of nature             a                b                  c

Alternative                  120             100                0

Alternative                2100                 0                25

Alternative                    30               40                90

The probabilities for the states of nature A,B, C are .3 .5 and .2 respectively. If a person were to use the expected opportunity loss criterion, what decision would be made?

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