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, if the probability of S1 is 0.2, what is the optimal alternative using EOL?
A) A1
B) FA2
C) FA3
D) It cannot be determined.

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, if the probability of S1 is 0.2, what is the optimal alternative using EOL?
A) A1 
B) FA2 
C) FA3 
D) It cannot be determined.

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, if the probability of S1 is 0.2, what is the optimal alternative using EOL?
A) A1 
B) FA2 
C) FA3 
D) It cannot be determined.

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