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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