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    The following payoff matrix is given in dollars

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    The following payoff matrix is given in dollars:

    EVENT PROBABILITY ACTION A ACTION B
    1 0.5 400 700
    2 0.5 200 500

    The coefficient of variation for Action A is:

    12.8%
    33.3%
    133.33%
    333.33%

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    https://brainmass.com/statistics/probability/following-payoff-matrix-given-dollars-156592

    Solution Summary

    The expert examines a payoff matrix for given dollars.

    $2.49

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