Question: 4. Consider the following problem with five decision alternatives and five states of nature with the following payoff table representing sales: LEVEL OF SALES ACTION

4. Consider the following problem with five decision alternatives and five

4. Consider the following problem with five decision alternatives and five states of nature with the following payoff table representing sales: LEVEL OF SALES ACTION EVENT S $2 $3 S4 A1 Rs 500 Rs 500 Rs 500 Rs 500 A2 200 550 550 550 A3 - 100 250 600 600 A4 - 400 50 300 650 As

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