Question: clearly state your solution A manager has developed a payoff table that indicates the profits associated with a set of alternatives under two possible states

clearly state your solution

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. Determine the expected payoff with perfect information if P(52) = 40. (1) Determine the range of P(S2) for which each alternative would be optimal. Alt. 1 2 S1 10 -2. 8 S2 2 8 5

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