Given the following payoff table and probabilities for each state of nature,answer the questions below. Find the expected value for each alternative and indicate which alternative should be chosen based on the expected value method.

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Given the following payoff table and probabilities for each state of nature,answer the questions below.   Find the expected value for each alternative and indicate which alternative should be chosen based on the expected value method.

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The Answer of Given the following payoff table and probabilities for each state of nature,answer the questions below.   Find the expected value for each alternative and indicate which alternative should be chosen based on the expected value method.

Given the Following Payoff Table and Probabilities for Each State