Sporting Goods Store
A payoff table for a clothing store is shown below. The following prior probabilities are assigned to the states of nature: P(s 1 )= 0.2,P(s 2 )= 0.6,and P(s 3 )= 0.2.
-{Sporting Goods Store Narrative} Determine the EMV decision.

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Sporting Goods Store
 A payoff table for a clothing store is shown below.  The following prior probabilities are assigned to the states of nature: P(s 1 )= 0.2,P(s 2 )= 0.6,and P(s 3 )= 0.2. ​ ​
-{Sporting Goods Store Narrative} Determine the EMV decision.

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The Answer of Sporting Goods Store
 A payoff table for a clothing store is shown below.  The following prior probabilities are assigned to the states of nature: P(s 1 )= 0.2,P(s 2 )= 0.6,and P(s 3 )= 0.2. ​ ​
-{Sporting Goods Store Narrative} Determine the EMV decision.

Sporting Goods Store a Payoff Table for a Clothing Store Is Shown