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the following profit payoff table was presented in problem. 1- The following profit payoff table was presented in Problem 1. Suppose that the decision maker

the following profit payoff table was presented in problem. image text in transcribed
1- The following profit payoff table was presented in Problem 1. Suppose that the decision maker obtained the probability assessments P(s) = 0.65, P(s) = 0.15. and P(s) = 0.20. Use the expected value approach to determine the optimal decision. State of Nature Decision Alternative S2 di dz 51 250 100 100 100 Sy 25 75

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