Consider the following payoff table that represents profits earned for each and every alternative (A, B, and C) under the states of nature S1, S2, and S3. Using the Laplace criterion, what would be the highest expected payoff?
S1 S2 S3
A $100 145 120
B $75 125 110
C $95 85 60
Options:
$121.7
$103.3
$80
$125