Consider the following payoff table. Based upon these probabilities,a person would select Alternative 2.Suppose there is concern about the accuracy of these probabilities.It can be stated that Alternative 2 will remain the best alternative as long as the probability of A is at least
A)0.33.
B)0.50.
C)0.40.
D)0.60.
E)None of the above

Question

Consider the following payoff table.  Based upon these probabilities,a person would select Alternative 2.Suppose there is concern about the accuracy of these probabilities.It can be stated that Alternative 2 will remain the best alternative as long as the probability of A is at least
A)0.33. 
B)0.50. 
C)0.40. 
D)0.60. 
E)None of the above

Quizplus · Accepted Answer

The Answer of Consider the following payoff table.  Based upon these probabilities,a person would select Alternative 2.Suppose there is concern about the accuracy of these probabilities.It can be stated that Alternative 2 will remain the best alternative as long as the probability of A is at least
A)0.33. 
B)0.50. 
C)0.40. 
D)0.60. 
E)None of the above

Consider the Following Payoff Table