Question: For the payoff table below, the decision maker will use Ps) - 15, Ps) - 5, and Psy) - 35. What is the expected loss

For the payoff table below, the decision maker will use Ps) - 15, Ps) - 5, and Psy) - 35. What is the expected loss of the best decision? State of Nature Decision 57 52 55 d; -5,000 1,000 10,000 do -15,000 -2,000 40,000 3000 8750 10750 7325 13750

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