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Question
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
Answer
This answer is hidden. It contains 1 characters.
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