What are the expected values for each alternativenbspwhat, Applied Statistics

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What are the expected values for each alternativenbspwhat

A payoff table is given as

State of Nature

Decision	Low	Medium	High
d1	10	8	6
d2	14	15	2
d3	7	8	9

The probabilities of s1, s2, and s3 are .2, .4, and .4, respectively.

what are the expected values for each alternative?
What decision should be made under expected value?
What is the EVPI?

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Applied Statistics: What are the expected values for each alternativenbspwhat

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Applied Statistics: What are the expected values for each alternativenbspwhat

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