(1). Calculate a loss table from the following payoff table: Strategies Events E1 E2 E3 E4 A1 50 300 -150 50 A2 400 0 100 0 A3 -50 200 0 100 A4 0 300 300 0 If the probabilities of the events are: P(E1) = 0.15, P(E2) = 0.45, P(E3) = 0.25, P(E4) = 0.15 Calculate the expected payoff and expected loss of each action. Calculate expected payoff (EMV) and expected loss (EOL) of each action