Homework 6 1. Given the payoff matrix below, answer the following questions Alternative B 1 2 4 State of Nature #3 0 2 4 5 3 1 #4 3 6 2 (a) If somehow you find out for certain that state of nature 4 is going to occur, which alternative will you select? (b) If you feel that P#1) - 3.P#2) 4. P#3) - 2, and P4)-1. What is your expected payoff under certainty (i) Which alternative has the highest expected monetary value? (ili) What is your expected value of perfoot information