A plant manager considers the operational cost per hour of five machine alternatives. The cost per ...

A plant manager considers the operational cost per hour of five machine alternatives. The cost per hour is sensitive to three potential weather conditions: cold, mild, and warm. The following table represents the operations cost per hour for each alternative-state of nature combination:



Assume that for a randomly selected day, there is a 30% probability of cold weather, 50% probability of mild weather, and 20% probability of warm weather. What alternative is best using EMV?
A) Machine 1
B) Machine 2
C) Machine 3
D) Machine 4
E) Machine 5