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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 s1 s2 s3 a 60 145 120 b 75 125 110 c 95 85 130 1 93168
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below is a payoff table involving two states of nature and three decision alternatives decision states of nature alternative s1 s2 a 15 12 b 16 12 c 20 6 the probability of occurrence of s1 90138
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