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

For the payoff table below, the decision maker will use P(s) = 15, Plsz) = 5, and Psy) - .35, What is the expected loss of the best decision? State of Nature Decision Si 52 53 d -5,000 1,000 10,000 dz -15,000 -2,000 40,000 O 3000 8750 10750 7325 13750

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