QUESTION 6: Expected value Applied to Business Application 5 points) The table shows both prospective...
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QUESTION 6: Expected value Applied to Business Application 5 points) The table shows both prospective profits and losses for a company, depending on what decision is made and what state of nature occurs. Use the information to determine what the company should do. State of Nature Decision 1 S2 53 di 30 80 -30 d2 100 30 -40 dz -80 -10 120 dy 20 20 20 ed if an optimistic strategy is used. b. if a conservative strategy is used. C. if minimax regret is the strategy
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