The national sales manager for "I colored this" (ICT)T-shirts provides all salespersons with the payoff table shown next,giving the estimated profit when a retailer purchases from one to four dozen T-shirts. The probability of demand for each state of nature is also shown. How many dozen ICT T-shirts should be purchased to yield the highest potential payoff?
A)1
B)2
C)3

Question

The national sales manager for "I colored this" (ICT)T-shirts provides all salespersons with the payoff table shown next,giving the estimated profit when a retailer purchases from one to four dozen T-shirts. The probability of demand for each state of nature is also shown.   How many dozen ICT T-shirts should be purchased to yield the highest potential payoff?
A)1 
B)2 
C)3

Quizplus · Accepted Answer

The Answer of The national sales manager for "I colored this" (ICT)T-shirts provides all salespersons with the payoff table shown next,giving the estimated profit when a retailer purchases from one to four dozen T-shirts. The probability of demand for each state of nature is also shown.   How many dozen ICT T-shirts should be purchased to yield the highest potential payoff?
A)1 
B)2 
C)3

The National Sales Manager for "I Colored This" (ICT)T-Shirts Provides