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Shann_5501 Shann_5501
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Posts: 634
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6 years ago
What is the EMV for Option 1 in the following decision table?
 
   States of Nature
  Alternatives S1 S2
  p .4 .6
  Option 1 10,000 30,000
  Option 2 5,000 45,000
  Option 3 -4,000 60,000
 
  A) 10,000
  B) 18,000
  C) 20,000
  D) 22,000
  E) 30,000
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6 years ago
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