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The table below shows the net income for several choices [choice 1r choice 2, and choice 3] if certain outcomes happen [outcome 1I outcome 2,
The table below shows the net income for several choices [choice 1r choice 2, and choice 3] if certain outcomes happen [outcome 1I outcome 2, and outcome 3]. You do not know which outcome will occur. You estimate the probability of outcome 1 is 30%; the probability of outcome 2 is 32%, and the probability of outcome 3 is 33%. Using the expected value decisionmaking methodl answer the questions below: Outcome 1 Outcome 2 Outcome 3 Choice 1 55 83 52 Choice 2 69 7'0 3'3 Choice 3 34 B2 63 What is the expected value for choice 1? |:| [round to nearest 0.01] What is the expected value for choice 2? |:| [round to nearest 0.01] What is the expected value for choice 3? |:| [round to nearest 0.01] What is the best decision using the expected value decisionmaking method? (\"Choice 1 (\"Choice 2 (\"Choice 3 (\"Outcome 1 (\"Outcome 2 (\"Outcome 3
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