Which bob white has developed for goslow enterprises

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Reference no: EM13892570

Consider the following decision table, which Bob White has developed for GoSlow Enterprises.

Decision	Probability	0.2	0.5	0.3
Alternatives	Low	Medium	High
A	$50	$100	$60
B	$65	$60	$70
C	$90	$70	$80
D	$90	$75	$70
E	$75	$65	$80

Which decision alternative maximizes the expected value of the payoff?show all work

Reference no: EM13892570

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