The national sales manager for "I colored this" (ICT)T-shirts provides all salespersons with the following opportunity loss table showing the potential lost profit for each purchase decision or act from one to four dozen T-shirts. The probability of demand for each state of nature is also shown. What is the expected opportunity loss of purchasing one dozen T-shirts?
A)84
B)108
C)156
D)204

Question

The national sales manager for "I colored this" (ICT)T-shirts provides all salespersons with the following opportunity loss table showing the potential lost profit for each purchase decision or act from one to four dozen T-shirts. The probability of demand for each state of nature is also shown.   What is the expected opportunity loss of purchasing one dozen T-shirts?
A)84 
B)108 
C)156 
D)204

Quizplus · Accepted Answer

The Answer of The national sales manager for "I colored this" (ICT)T-shirts provides all salespersons with the following opportunity loss table showing the potential lost profit for each purchase decision or act from one to four dozen T-shirts. The probability of demand for each state of nature is also shown.   What is the expected opportunity loss of purchasing one dozen T-shirts?
A)84 
B)108 
C)156 
D)204

The National Sales Manager for "I Colored This" (ICT)T-Shirts Provides