Provide an appropriate response.The payoff table for three possible courses of action A1, A2, and A3 is given below.pi?A1xi?A2xi?A3xi?.3$70$40$50.2$100$120$110.1$160$140$90.4$80$140$160Which course of action will produce the largest expected value? What is it?
What will be an ideal response?
A3 has the largest expected value. E(A3) = 110
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For what value of x does 
reach a minimum? Restrict your attention to the horizontal span of 0 to 11. Round your answer to two decimal places.
?
A. 2.42 B. 4.27 C. 0.78 D. 7.33
Provide an appropriate response.The members of a union are on strike. They are satisfied with their hourly wage rate and benefits, but they want their overtime wage rate to be increased by 15% in their next contract. The head of management makes the following statement to the head of the union: "If you end the strike today and sign the contract, we will meet your demand and increase the overtime wage rate by 15%." Should the union head accept the offer? Explain.
What will be an ideal response?
Find the value of the variable that satisfies the equation.3x - 4 = 20
A. x = 10 B. x = 8 C. x = 21 D. x = 25
Translate to an equation, then solve.Negative seven times the sum of n and six is equal to negative eight times the sum of n and two.
A. -7n + 6 = -8n + 2, n = 8 B. -7(n + 6) = -8(n + 2), n = 26 C. -7n + 6 = -8n + 2, n = -4 D. -7(n + 6) = -8(n + 2), n = 30