(Answered) The following table shows the expected costs

Management Studies

The following table shows the expected costs for 3 states of nature and 5 decision alternatives. Which decision alternative would the optimistic decision maker choose? Enter 1, 2, 3, 4 or 5.

	State of nature
Decision Alternative	1	2	3
1	70	68	39
2	10	55	56
3	67	49	15
4	55	75	57
5	70	63	16

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