Question: Question in Business Analytics Using the Payoff Table below, which is the recommended decision alternative using the optimistic approach? Payoff Table Decision State of Nature

Question in Business Analytics

Using the Payoff Table below, which is the recommended decision alternative using the optimistic approach? Payoff Table Decision State of Nature State of Nature State of Nature Alternative 1 2 3 D1 50 75 80 D2 20 70 30 D3 10 85 45 D4 -30 40 60 D5 60 35 25 O D1 O D2 O D3 O D5

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