Demolition Company
The payoff table and the prior probabilities for three states of nature for a demolition company are shown below: Prior Probabilities: P(s 1 )= 0.4,P(s 2 )= 0.5,and P(s 3 )= 0.1.
-{Demolition Company Narrative} Determine the EOL decision.

Question

Demolition Company 
The payoff table and the prior probabilities for three states of nature for a demolition company are shown below:  Prior Probabilities: P(s 1 )= 0.4,P(s 2 )= 0.5,and P(s 3 )= 0.1. ​ ​
-{Demolition Company Narrative} Determine the EOL decision.

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The Answer of Demolition Company 
The payoff table and the prior probabilities for three states of nature for a demolition company are shown below:  Prior Probabilities: P(s 1 )= 0.4,P(s 2 )= 0.5,and P(s 3 )= 0.1. ​ ​
-{Demolition Company Narrative} Determine the EOL decision.

Demolition Company The Payoff Table and the Prior Probabilities for Three States