The unexpected return 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
Referring to the table, the return to risk ratio for Action B is
A. 0.167
B. 3.0
C. 6.0
D. 9.0
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The following payoff matrix is given in ...
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