Question: Exhibit 2 0 - 1 Below is a payoff table involving two states of nature and three decision alternatives. Decision States of Nature Alternative s

Exhibit 20-1
Below is a payoff table involving two states of nature and three decision alternatives.
Decision States of Nature
Alternative s1 s2
A 58
B 1012
C 206
The probability of occurrence of s1=.2.
Refer to Exhibit 20-1. The recommended decision alternative based on the expected value is _____.
a. B
b. A
c. C
d. All alternatives are the same.

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