Below you are given an income payoff table involving three decision alternatives and two states of nature.
DecisionAlternative
States of Nature
s1
s2
A
15
12
B
16
12
C
20
7
?
The probability of the occurrence of s1 = .3. The expected value of alternative A is
A. 10.9.
B. 13.2.
C. 12.9.
D. 8.1.
Answer: D
You might also like to view...
If the incremental revenues are greater than the incremental costs, the product should be processed further
Indicate whether the statement is true or false
Pamela hired Lena to sell her business. Lena
a. can buy the business as long as the price is fair. b. can buy the business as long as she qualifies for financing. c. can buy the business only with Pamela's permission. d. cannot buy the business under any circumstances.
American Express Company pioneered cause marketing when it sponsored the renovation of
A. Liberty Hall. B. Radio City Music Hall. C. Carnegie Hall. D. Madison Square Garden. E. the Statue of Liberty.
Which of the following regulates deceptive practices regarding a company's privacy policy?
A) Section 5 of the FTC Act B) the federal COPPA C) the federal ECPA D) the FCC's privacy directive