Use the following payoff matrix from different corn varieties under different weather conditions to answer questions 1-9. Net Return for Each Corn Variety Variety Variety Variety A B C Weather Outcomes Probability Good 0.2 $800 $750 $880 Average 0.6 $740 $675 $725 Poor 0.2 $620 $600 $600 What is the expected value of Variety C? What is the range of Variety B? Which variety would you chose if you were using the most likely outcome decision rule? Which variety would you chose if you were using the maximum expected value decision rule? Which variety would you chose if you were using the risk and returns comparison decision rule? Click Save and submit in Remaining Time: 1 hour, 13 minutes, 12 seconds. Question Completion Status: WGS reangor variety or Which variety would you chose if you were using the most likely outcome decision rule? which variety would you chose if you were using the maximum expected value decision rule? Which variety would you chose if you were using the risk and returns comparison decision rule? Which variety would you chose if you were using the safety first decision rule? For questions 7-9 assume that the weather outcomes are all equally likely What is the simple average of Variety A2 What is the standard deviation of Variety AP Recalls-sqrtbari VIN-1 What is the coefficient of variation of Variety A2 QUESTION 2 12 pair Use the following enterprise budget to answer questions 10-13 Income 180 bushets per acre $4.50 $810 Save All Arena O 7 x do F7 Prisen FB Home 79 End FO Pgup m Pgbe