Question: Suppose that the decision maker obtained the probabilities P(s1)=0.65,P(s2)=0.15, and P(s3)=0.20. Use the expected value approach to determine the optimal decision. EV(d1)=EV(d2)= The optimal decision

Suppose that the decision maker obtained the

Suppose that the decision maker obtained the probabilities P(s1)=0.65,P(s2)=0.15, and P(s3)=0.20. Use the expected value approach to determine the optimal decision. EV(d1)=EV(d2)= The optimal decision is

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