The national sales manager for "I colored this" (ICT) T-shirts provides all salespersons with the following opportunity loss table showing the potential lost profit for each purchase decision or act from one to four dozen T-shirts. The probability of demand for each state of nature is also shown. What is the expected opportunity loss of purchasing one dozen T-shirts?
A) 84
B) 108
C) 156
D) 204

Question

The national sales manager for "I colored this" (ICT) T-shirts provides all salespersons with the following opportunity loss table showing the potential lost profit for each purchase decision or act from one to four dozen T-shirts. The probability of demand for each state of nature is also shown.  What is the expected opportunity loss of purchasing one dozen T-shirts?
A) 84 
B) 108 
C) 156 
D) 204

Quizplus · Accepted Answer

The Answer of The national sales manager for "I colored this" (ICT) T-shirts provides all salespersons with the following opportunity loss table showing the potential lost profit for each purchase decision or act from one to four dozen T-shirts. The probability of demand for each state of nature is also shown.  What is the expected opportunity loss of purchasing one dozen T-shirts?
A) 84 
B) 108 
C) 156 
D) 204

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