Question: Question 17 (1 point) Consider the following payoff table: 18 1 Decision Alternative Probabilities Decision Alternative 1 Decision Alternative 2 Decision Alternative 3 Decision Alternative
Question 17 (1 point) Consider the following payoff table: 18 1 Decision Alternative Probabilities Decision Alternative 1 Decision Alternative 2 Decision Alternative 3 Decision Alternative 4 State of Nature Poor Average Good 0.2 0.5 0.3 23 28 30 35 39 58 60 31 50 33 39 37 - What is the best decision alternative using the Expected Value criterion? 1) DA1 2) DA2 3) DA3 4) DA4
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