The payoff table for two courses of action, A 1 or A 2 , is given below.

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The payoff table for two courses of action, A1 or A2, is given below. Which of the two actions will produce the largest expected value? What is it?

Pi .1 .2 .4 .3 A xi - $200 $100 $400 $100 A Xi -$100 $200 $300 $200

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