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chimeric chimeric
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6 years ago
Expected monetary value (EMV) is
A) the average or expected monetary outcome of a decision if it can be repeated a large number of times.
B) the average or expected value of the decision, if you know what would happen ahead of time.
C) the average or expected value of information if it were completely accurate.
D) the amount you would lose by not picking the best alternative.
E) a decision criterion that places an equal weight on all states of nature.
Textbook 
Quantitative Analysis for Management

Quantitative Analysis for Management


Edition: 12th
Authors:
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TheBatTheBat
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6 years ago
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chimeric Author
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6 years ago
Good timing, thanks!
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2 hours ago
Just got PERFECT on my quiz
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