Question: The following payoff table provides profits based on various possible decision alternatives and various levels of demand at Robert Klassan's print shop: Demand Decision Low

The following payoff table provides profits based on various possible decision alternatives and various levels of demand at Robert Klassan's print shop:
Demand
Decision
Low
High
Alternative 1Alternative 1
$ 8 comma 000$8,000
$ 30 comma 000$30,000
Alternative 2Alternative 2
$ 6 comma 000$6,000
$ 38 comma 000$38,000
Alternative 3Alternative 3
negative $ 2 comma 500$2,500
$ 52 comma 000$52,000
The probability of low demand is 0.400.40, whereas the
probability of high demand is 0.600.60.
a. the alternative that provides the greatest expected monetary value is:

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