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...

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Extracted text: 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. PAYOFF TABLE Future Demands 2 3 Probabilities of demands 0.2 0.4 0.3 0.1 Purchase Quantitiest Demand + 1 2 3 4 1 120 120 120 120 2 240 240 240 3 120 | 360 | 360 240 480 -120 4 -240 What is the maximum potential payoff under conditions of certainty? Multiple Choice 360 240 120 < prev="" 39="" of="" 50="" next="">


Extracted text: Multiple Choice 360 240 120 480