Question: Assuming the following payoff ( profit ) table for two alternatives and three states of natures, determine the best choice under Aggressive strategy. Enter your

Assuming the following payoff (profit) table for two alternatives and three states of natures, determine the best choice under Aggressive strategy.

Enter your answer as:

  • 1, if the best choice is Alternative 1
  • 2, if the best choice is Alternative 2
SON1 SON2 SON3
Alternative 1 19 13 22
Alternative 2 6 11 27

Assuming the following payoff (profit) table for two alternatives and three states of natures, determine the best choice under Conservative strategy.

Enter your answer as:

  • 1, if the best choice is Alternative 1
  • 2, if the best choice is Alternative 2
SON1 SON2 SON3
Alternative 1 16 24 13
Alternative 2 7 20 26

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