The following payoff table gives the return on three alternative business decisions based on three possible scenarios - S1, S2 or S3. P(S1), or the...

The following payoff table gives the return on three alternative business decisions based on three possible scenarios – S1, S2 or S3. P(S1), or the probability that Scenario 1 occurs = 0.30, P(S2) = 0.50, and P(S3) = 0.20. Based on this information, calculate the expected value for each alternative (assume zero cost). What alternative would you recommend?