1. (14 points) Consider the pay-off table below, with three alternatives A_j and three states of nature S_j in $. Let P(S₁) = 0.30, P(S₂) = 0.50, P(S₃) = 0.20.

Alternative	S1($)	S2($)	S3($)
A1	50	70	100
A2	90	40	80
A3	70	60	90

1. Develop an opportunity loss table. (Round the final answer to the nearest dollar.) pay-off table (4 marks)
2. Compute the expected opportunity losses for each of the alternatives. (Round the final answer to the nearest dollar.) (10 marks)