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18. the highest value for the equally likely criterion is ; this occurs with alternative states of nature alternatives s1 s2 option 1 $10,000 $30,000 option 2 $5,000 $45,000 option 3 $-4,000 $60,000 a) $20,000; option 1 b) $25,000; option 2 c) $28,000; option 3 d) $32,000; option 3 e) $60,000; option 3
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