Question: Foxcomp in Problem 31 estimates that the probabilities of the severity of events in each of the countries are as follows: Determine the best decision

Foxcomp in Problem 31 estimates that the probabilities of the severity of events in each of the countries are as follows:

Foxcomp in Problem 31 estimates that the probabilities of the

Determine the best decision for Foxcomp using expected value.

Event Severity Supplier Country Moderate High China India Thailand Philippines .43 .56 .37 47 .45 .33 AI .46 12 .22 .07

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