Question: Consider the following payoff table that represents the profits earned for each alternative (A, B, and C) under the states of nature $1, $2, and

Consider the following payoff table that represents the profits earned for

Consider the following payoff table that represents the profits earned for each alternative (A, B, and C) under the states of nature $1, $2, and $3. S1 S2 S3 A $60 $145 $120 B $75 $125 $110 C $95 $85 $130 Using the criterion of realism (Hurwicz criterion) and an alpha value of 0.7, what would be the highest expected payoff in $ value

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