The national sales manager for "I colored this" (ICT)T-shirts provides all salespersons with the payoff table shown next,giving the estimated profit when a retailer purchases from one to four dozen T-shirts. The probability of demand for each state of nature is also shown. What is the expected payoff for purchasing one dozen T-shirts?
A)0
B)72
C)120
D)168

Question

The national sales manager for "I colored this" (ICT)T-shirts provides all salespersons with the payoff table shown next,giving the estimated profit when a retailer purchases from one to four dozen T-shirts. The probability of demand for each state of nature is also shown.   What is the expected payoff for purchasing one dozen T-shirts?
A)0 
B)72 
C)120 
D)168

Quizplus · Accepted Answer

The Answer of The national sales manager for "I colored this" (ICT)T-shirts provides all salespersons with the payoff table shown next,giving the estimated profit when a retailer purchases from one to four dozen T-shirts. The probability of demand for each state of nature is also shown.   What is the expected payoff for purchasing one dozen T-shirts?
A)0 
B)72 
C)120 
D)168

The National Sales Manager for "I Colored This" (ICT)T-Shirts Provides