Represents the profits earned for each alternative

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Consider the following payoff table that represents the profits earned for each alternative (A, B, and C) under the states of nature S1, S2, and S3. Using the maximum criterion, what will be the highest expected payoff S1 S2 S3 A $60 145 120 B $75 125 110 C $95 85 130

Reference no: EM13921164

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