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Question
What is the EMV for Option 1 in the following decision table?
| States of Nature | ||
| Alternatives | S1 | S2 |
| p | .3 | .7 |
| Option 1 | 15,000 | 20,000 |
| Option 2 | 10,000 | 30,000 |
A) 15,000
B) 17,000
C) 17,500
D) 18,500
E) 20,000
Answer
This answer is hidden. It contains 1 characters.
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