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The following payoff table provides profits based on various possible decision alternatives and various levels of demand at Robert Klassans print shop Demand Decision Low Alternative 1 $10,000 $36,000 Alternative 2 $5,000 Alternative 3$2.000 $52.000 High $40,000 The probability of low demand ie 0.35, whoreas the probability of high demand is 0,65 a) The altermative that provides Robert the greatest expected monetary value (EMV) is Alternative 3 he EMIV for this decision is (enter your answer as a whole numbor, for this decision is S ( (enter your answer as a whole number)
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