Question: Use this information for FIVE questions. We must reject ( A 1 ) , further analyze ( A 2 ) , or accept ( A

Use this information for FIVE questions. We must reject (A1), further analyze (A2), or accept (A3) a lot of incoming material for quality improvement purposes. The payoff table is below. Based on historical data, there is 30% chance that the lot is good quality ( S 1),50% chance that the lot is fair quality (S2), and 20% chance that the lot is poor quality (S3).
\table[[,S1,S2,S3
 Use this information for FIVE questions. We must reject (A1), further

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