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Opportunity-loss table

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The following is an opportunity-loss table. The probabilities for the states of nature A, B, and C are 0.3, 0.5, and 0.2, respectively. If a person were to use the expected opportunity loss criterion, what decision would be made?
A. Alternative 1
B. Alternative 2
C. Alternative 3
D. State of Nature C
E. State of Nature B

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Answer is Alternative 1.

opportunity-loss table
The following is an opportunity-loss table. The probabilities for the states of nature A, B, and C are 0.3, 0.5, and 0.2, respectively. If a person were to use the expected opportunity loss criterion, what decision would be made?
A. ...

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