The national sales manager for "I colored this" (ICT) T-shirts provides all salespersons with the payoff table shown next, giving the estimated profit when a retailer purchases from one to four dozen T-shirts. The probability of demand for each state of nature is also shown. What is the maximum payoff under conditions of certainty?
A) 120
B) 240
C) 360
D) 480

Question

The national sales manager for "I colored this" (ICT) T-shirts provides all salespersons with the payoff table shown next, giving the estimated profit when a retailer purchases from one to four dozen T-shirts. The probability of demand for each state of nature is also shown.  What is the maximum payoff under conditions of certainty?
A) 120 
B) 240 
C) 360 
D) 480

Quizplus · Accepted Answer

The Answer of The national sales manager for "I colored this" (ICT) T-shirts provides all salespersons with the payoff table shown next, giving the estimated profit when a retailer purchases from one to four dozen T-shirts. The probability of demand for each state of nature is also shown.  What is the maximum payoff under conditions of certainty?
A) 120 
B) 240 
C) 360 
D) 480

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