Gross Profits The following payoff table shows gross profits (in $1000)associated with a set of 3 acts under 2 possible states of nature. -{Gross Profits Narrative} If the probability of s₁ is 0.5,then the optimal alternative using EMV is ____________________.

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The Answer of Gross Profits The following payoff table shows gross profits (in $1000)associated with a set of 3 acts under 2 possible states of nature. -{Gross Profits Narrative} If the probability of s₁ is 0.5,then the optimal alternative using EMV is ____________________.

Gross Profits the Following Payoff Table Shows Gross Profits (In $1000)associated