Exhibit 20-3
Below you are given a payoff table involving two states of nature and three decision alternatives. The probability of the occurrence of state of nature S 1 is 0.4.
-Refer to Exhibit 20-3. The expected value of the best alternative equals
A)13,000
B)14,000
C)15,000
D)16,000

Question

Exhibit 20-3
Below you are given a payoff table involving two states of nature and three decision alternatives.  The probability of the occurrence of state of nature S 1 is 0.4.
-Refer to Exhibit 20-3. The expected value of the best alternative equals
A)13,000 
B)14,000 
C)15,000 
D)16,000

Quizplus · Accepted Answer

The Answer of Exhibit 20-3
Below you are given a payoff table involving two states of nature and three decision alternatives.  The probability of the occurrence of state of nature S 1 is 0.4.
-Refer to Exhibit 20-3. The expected value of the best alternative equals
A)13,000 
B)14,000 
C)15,000 
D)16,000

Exhibit 20-3 Below You Are Given a Payoff Table Involving Two States