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    Payoff table data analysis tool explained with examples

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    A payoff table is a data analysis tool used tell you what the payoffs will be for different outcomes. An expected payoff table gives us the outcome times the probability that it will occur. Give examples (in the simplest form) of these two tables using real data.

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    See the attached file.

    Example:
    Company A is a small manufacturer of several different cheese products. One product is a cheese spread sold to retail outlets.
    The company must decide how many cases of cheese spread to manufacture each month. The probability ...

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