Question: The payoff table for three possible courses of action is given below. Which of the three actions will produce the largest expected value? What is

The payoff table for three possible courses of action is given below. Which of the three actions will produce the largest expected value? What is it?

The payoff table for three possible courses of action is

A2 ri VE "2 $500 $400 $300 4 $1,200 $1,100 $1,000 3 $1,200 $1,800 $1,700 1 $1,200 $1,800 $2,400

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