Question: Please provide answer for c part and d part only (15 points) QUESTION 6: Expected value Applied to Business Application Consider the following payoff table.

Please provide answer for c part and d part only

(15 points) QUESTION 6: Expected value Applied to Business Application Consider the following payoff table. State of Nature S3 Decision S2 s1 750 500 250 di 300 -250 1200 d2 d3 500 500 600 a. What choice should be made by the optimistic decision maker? b. What choice should be made by the conservative decision maker? C. If the probabilities of d, d2, and d3 are .2. .5, and.3, respectively, then what choice should be made under expected value? d. What is the EVPI? 25 mi

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