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Q. At a decision point in a decision tree, which machine would you select when trying to maximize payoff when the anticipated benefit of selecting machine A is $45,000 with a probability of 90percent; the expected benefit of selecting machine B is $80,000 with a probability of 50percent also the expected benefit of selecting machine C is $60,000 with a probability of 75percent?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M9310634

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