A group of students raises money each year by selling Souvenirs outside the stadium after a cricket match between Teams A and B. They can buy any of the three different types of Souvenirs from a...

Extracted text: A group of students raises money each year by selling Souvenirs outside the stadium after a cricket match between Teams A and B. They can buy any of the three different types of Souvenirs from a supplier. Their sales are mostly dependent on which team wins the match. A conditional pay-off table is as under : Type of Souvenirs II II $ 1,200 $ 250 $ 800 $ 700 $ 300 $ 1,100 Team A wins Team B wins (ii)Construct the opportunity loss table. (ii) Which type of Souvenir should the students buy if probability of Team A, winning is 0.6.