Exhibit $20-3$

Below is a payoff table involving two states of nature and three decision alternatives.

Decision States of Nature

Alternative s$1$ s$2$

A $$50,000$$$10,000$

B $$10,000$ $$15,000$

C $$25,000$ $$10,000$

The probability of the occurrence of state of nature s$1$ is $\mathrm{.}4.$

Refer to Exhibit $20-3.$ The recommended decision based on the expected value criterion is $\_\_\_\_\_.$

a$.$ B

b$.$ C

c$.$ A

d$.$ All decision alternatives are equally profitable.