Question: Given the following table perform graphical sensitivity analysis to determine the range of probability for state of nature Event 1 (S1), that is P(S1), for

  1. Given the following table perform graphical sensitivity analysis to determine the range of probability for state of nature Event 1 (S1), that is P(S1), for which each of the decision alternatives has the largest expected value, would you choose A? B? C?

Choice/Event

Event 1

Event 2

A

5

20

B

10

15

C

12

3

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