Question: A manager has developed a payoff table that indicates the profits associated with a set of alternatives under two possible states of nature. Answer the

A manager has developed a payoff table that
A manager has developed a payoff table that indicates the profits associated with a set of alternatives under two possible states of nature. Answer the following questions, O Determine the expected payoff with perfect information if P(S2) = 40. (1) Determine the range of P(S2) for which each alternative would be optimal. Alt. S2 1 S1 10 -2. 2 2 8 5 3 8

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