You are given two states of nature $S 1$ and $S 2$ and two courses of action $A 1$ and $A 2$ with a profit payoff table.

-Using the table above, answer the following: The action which maximizes expected profit is
A) $A 1$ since $3426$.
B) $A 1$ since $3618$.
C) $A 2$ since $3426$.
D) $A 2$ since $3618$.

Question

You are given two states of nature $S 1$ and $S 2$ and two courses of action $A 1$ and $A 2$ with a profit payoff table.
 
-Using the table above, answer the following: The action which maximizes expected profit is
A) $A 1$ since $34>26$. 
B) $A 1$ since $36>18$. 
C) $A 2$ since $34>26$. 
D) $A 2$ since $36>18$.

Quizplus · Accepted Answer

The Answer of You are given two states of nature $S 1$ and $S 2$ and two courses of action $A 1$ and $A 2$ with a profit payoff table.
 
-Using the table above, answer the following: The action which maximizes expected profit is
A) $A 1$ since $34>26$. 
B) $A 1$ since $36>18$. 
C) $A 2$ since $34>26$. 
D) $A 2$ since $36>18$.

You Are Given Two States of Nature S1S 1S1 And S2S 2S2

You Are Given Two States of Nature $S 1$ And $S 2$