Exhibit 20-1
Below you are given a payoff table involving two states of nature and three decision alternatives. The probability of occurrence of S 1 = 0.2.
-Refer to Exhibit 20-1. The expected value of the best alternative is
A)8.8
B)9.6
C)22.0
D)None of the answers are correct.

Question

Exhibit 20-1
Below you are given a payoff table involving two states of nature and three decision alternatives.  The probability of occurrence of S 1 = 0.2.
-Refer to Exhibit 20-1. The expected value of the best alternative is
A)8.8 
B)9.6 
C)22.0 
D)None of the answers are correct.

Quizplus · Accepted Answer

The Answer is D

Exhibit 20-1 Below You Are Given a Payoff Table Involving Two States