SCENARIO 20-1
The following payoff table shows profits associated with a set of 3 alternatives under 2 possible states of nature.

-Referring to Scenario 20-1,if the probability of S1 is 0.5,then the expected opportunity loss (EOL)for A1 is
A)3
B)4.5
C)7

Question

SCENARIO 20-1
The following payoff table shows profits associated with a set of 3 alternatives under 2 possible states of nature.

-Referring to Scenario 20-1,if the probability of S1 is 0.5,then the expected opportunity loss (EOL)for A1 is
A)3 
B)4.5 
C)7

Quizplus · Accepted Answer

The Answer is A

SCENARIO 20-1 The Following Payoff Table Shows Profits Associated with a Set