The following is a payoff table giving profits for various situations. 
The probabilities for states of nature A, B, and C are 0.3, 0.5, and 0.2, respectively. If a perfect forecast of the future were available, what is the expected value with this perfect information?
A) 130
B) 160
C) 166
D) 36
E) None of the above
Correct Answer:
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