Exhibit 21-2
Below you are given a payoff table involving three states of nature and two decision alternatives. The probability that S 1 will occur is 0.1; the probability that S 2 will occur is 0.6.
-Refer to Exhibit 21-2. The expected value of the best alternative equals
A)29
B)105
C)12
D)38.5

Question

Exhibit 21-2
Below you are given a payoff table involving three states of nature and two decision alternatives.  The probability that S 1 will occur is 0.1; the probability that S 2 will occur is 0.6.
-Refer to Exhibit 21-2. The expected value of the best alternative equals
A)29 
B)105 
C)12 
D)38.5

Quizplus · Accepted Answer

The Answer of Exhibit 21-2
Below you are given a payoff table involving three states of nature and two decision alternatives.  The probability that S 1 will occur is 0.1; the probability that S 2 will occur is 0.6.
-Refer to Exhibit 21-2. The expected value of the best alternative equals
A)29 
B)105 
C)12 
D)38.5

Exhibit 21-2 Below You Are Given a Payoff Table Involving Three States