Alternatives and five futures


Daily positive as well as negative payoffs are given for 5 alternatives and five futures in the following matrix. Which alternative should be chosen to maximize the probability of receiving a payoff of at least 9? What choice would be made by using the most probable future criterion?

(0.15) (0.20) (0.30) (0.20) (0.15)

F1 F2 F3 F4 F5

A1 12 8 -4 0 9

A2 10 0 5 10 16

A3 6 5 10 15 -4

A4 4 14 20 6 12

A5 -8 22 12 4 9

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Basic Statistics: Alternatives and five futures
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