TABLE 19-1
The following payoff table shows profits associated with a set of 3 alternatives under 2 possible states of nature.
-Referring to Table 19-1, the opportunity loss for A2 when S1 occurs is
A) -2.
B) 0.
C) 5.
D) 14.

Question

TABLE 19-1
The following payoff table shows profits associated with a set of 3 alternatives under 2 possible states of nature. 
-Referring to Table 19-1, the opportunity loss for A2 when S1 occurs is
A) -2. 
B) 0. 
C) 5. 
D) 14.

Quizplus · Accepted Answer

The Answer of TABLE 19-1
The following payoff table shows profits associated with a set of 3 alternatives under 2 possible states of nature. 
-Referring to Table 19-1, the opportunity loss for A2 when S1 occurs is
A) -2. 
B) 0. 
C) 5. 
D) 14.

TABLE 19-1 The Following Payoff Table Shows Profits Associated with a Set