The following payoff table shows profit for a decision analysis problem with two decision alternatives and three states of nature:

The following prot payoff table was presented in Problem 1. Suppose that the decision maker obtained the probability assessments P(s1) = 0.65, P82) = 0.15, and P(S3) = 0.20. Use the expected value approach to determine the optimal decision. State of Nature Decision Alternative SI 82 S3 d1 250 100 25 d2 100 100 75