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 four dozen T-shirts?
A)72
B)120
C)168
D)192

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 four dozen T-shirts?
A)72 
B)120 
C)168 
D)192

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 four dozen T-shirts?
A)72 
B)120 
C)168 
D)192

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