Question

To construct the opportunity loss table
from payoff table first find the maximum
pay off under each​

Answer 1

Answer:

where is the table man

Answer 2

Explanation:

• EOL stands for expected opportunity loss, and it is a statistical calculation used mostly in the business world to help choose the best course of action.
• Making decisions is a big part of doing business. Decision is the choice of two or more occurences.
• There are two or more actions you can perform in response to each occurrence.
• Calculating the EOL is a systematic method of comparing different options and outcomes using a mathematical model in order to make the most profitable selection.

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