Question: ( 1 4 points ) Consider the pay - off table below, with three alternatives Aj and three states of nature Sj in $ .
points Consider the payoff table below, with three alternatives Aj and three states of nature Sj in $ Let PS PS PS
Alternative
S$
S$
S$
A
A
A
Develop an opportunity loss table. Round the final answer to the nearest dollar.
payoff table marks
Compute the expected opportunity losses for each of the alternatives. Round the final answer to the nearest dollar. marks
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