Question: The following payoff table provides profits based on various possible decision alternatives and various levels of demand. States of Nature DemandAlternativesLowMediumHighAlternative 1 8 0 1

The following payoff table provides profits based on various possible decision alternatives and various levels of demand. States of Nature DemandAlternativesLowMediumHighAlternative 180120140Alternative 2909090Alternative 35070150The probability of a low demand is 0.4, while the probability of a medium and high demand is each 0.3.What is the highest possible expected monetary value? Select one:a.110b.86c.90d.150

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