Decision analysis based on maximum expected payoffs

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Question: At a decision point in a decision tree, which equipment would you select when trying to maximize payoff when the anticipated profit of selecting equipment A is $45,000 with a probability of 90 percent; the expected benefit of selecting machine B is $80,000 with a probability of 50%; and the expected benefit of selecting machine C is $60,000 with a probability of 75%?

Reference no: EM1378311

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