Question: The payoff value selected from the payoff table in a decision analysis situation depends on : 1) New information that effects probabilities of the states

The payoff value selected from the payoff table in a decision analysis situation depends on : 1) New information that effects probabilities of

The payoff value selected from the payoff table in a decision analysis situation depends on : 1) New information that effects probabilities of the states of nature 2) The alternative chosen and the state of nature that occurs 3) The alternative chosen and the probabilities of the states of nature 4) The Expected Values Based on the equation Y = 12.35 + 345.1"X, Sales(Y) is in Units of $10.00 and Advertising(X) is in Units of $100. What are Sales when $5,579 is spent on advertising?(please keep no decimal for this answer) Your

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