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Homework answers / question archive / Consider the following payoff table that represents the profits earned for each alternative (A, B, and C) under the states of nature 51, 52, and 53

Consider the following payoff table that represents the profits earned for each alternative (A, B, and C) under the states of nature 51, 52, and 53

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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 51, 52, and 53. 
51 52 53 A $60 $145 $120 B $75 $125 $110 C $95 $85 $130 
Using the criterion of realism (Hurwicz criterion) and an alpha value of 0.7, what would be the highest expected payoff in $ value? 
 

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