Question: please review Question 6 (5 points) The following payoff table was developed. Let P(S1) = 0.4, P(S2) = 0.5 and P(S3) = 0.1 Compute the

please review

Question 6 (5 points) The following payoff table was developed. Let P(S1) = 0.4, P(S2) = 0.5 and P(S3) = 0.1 Compute the expected monetary value for each alternative. Act State of Nature ($) S1 S2 S3 A1 55 65 70 A2 80 40 85 A3 75 60 90 O Act Expected Payoff ($) A1 70.0 A2 55.0 A3 81.7 O Act Expected Payoff ($) A1 $1.5 A2 60.5 A3 69.0 Act Expected Payoff ($) A1 $3.3 A2 58.3 A3 75.0

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