Question: 5 pts Below you are given a payoff table involving three states of nature and two decision alternatives. States of Nature s1 Decision s2 d1

5 pts Below you are given a payoff table involving three states of nature and two decision alternatives. States of Nature s1 Decision s2 d1 45 80 -20 d2 40 50 15 The probability that s1 will occur is 0.1; the probability that s2 will occur is 0.6 What is the expected value of the best decision? 4 29 42.5 12 38.5

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