The expected benefit of selecting machine

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Reference no: EM1391675

At a decision node in a decision tree, which machine would you select when tryping to maximize payoff when the anticipated benefit of selecting machine A is $45,000; the expected benefit of selecting machine B is $80,000, and the expected benefit of selecting machine C is $60,000?

a) A
b) B
c) C
d) You would be indifferent between machines A and C
e) You would be indifferent between machines A and B

Reference no: EM1391675

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