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The owner of a small business is considering three options: buying a computer, leasing a computer, or getting along without a computer. Based on the

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The owner of a small business is considering three options: buying a computer, leasing a computer, or getting along without a computer. Based on the information obtained from the firm's accountant, the following payoff table (in terms of net profit) was developed: State of Nature State # 1 State # 2 State # 3 Alternative (S1) (S2) (S3 A1 4 6 5 A2 7 5 A3 3 6 Based on the probability for each state of nature in the previous question (the probability for S1 to happen equals the probability of $2; the probability for $2 to happen is three times of S3). Which decision alternative should be selected based on the expected payoff? O A1 O A2 O A3 Can't be computed with the given information

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