For the profit payoff table below, the decision maker assumes that P(s1) = .15, p(s2) = .50, and p(s3) = .35.
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|
State of Nature
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|
Decision
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s 1
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s 2
|
s 3
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|
d 1
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-5000
|
1000
|
10,000
|
|
d 2
|
-15,000
|
-2000
|
40,000
|
What alternative would be chosen according to expected value?