OSPayoff TableDecisionCOST($)Weekly Demand (State of Nature)Average(0.30)660007500065000(Purchase)Below ParRobust(0.35)50000(0.35)75000100 Bags120 Bags130 Bags60000900005500085000Given data in Payoff Table, which of the following options is the best fit?Select one:O a. Optimal EMV = $63,550.00 and EVPI = $0.00o b. Optimal EMV = $75,000.00 and EVPI = $0.00O c. Optimal EMV = $63,550.00 and EVPI = $300.00O d. Optimal EMV = $75,000.00 and EVPI = $11,450.00

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Answered: Payoff Table Decision COST($) Weekly…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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