Use this information to answer the following questions.
Consider the following payoff table that represents the profits earned for each alternative (A,B,and C)under the states of nature S1,S2,and S3.

-Refer to the payoff table.Using the Laplace criterion,what would be the highest expected payoff?
A)$103.3
B)$108.3
C)$120
D)$125
E)$145

Question

Use this information to answer the following questions.
Consider the following payoff table that represents the profits earned for each alternative (A,B,and C)under the states of nature S1,S2,and S3.
 
-Refer to the payoff table.Using the Laplace criterion,what would be the highest expected payoff?
A)$103.3 
B)$108.3 
C)$120 
D)$125 
E)$145

Quizplus · Accepted Answer

The Answer is B

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