Expected payoff corresponding to various levels of business expansion and economic conditions faced by Ramcast Cable Inc. is given in the table below. The probabilities of the events are also given. Using expected monetary value criterion, identify the correct decision for Ramcast Cable Inc.

A) $d_{1}$
B) $d_{2}$
C) $d_{3}$
D) $d_{4}$

Question

Expected payoff corresponding to various levels of business expansion and economic conditions faced by Ramcast Cable Inc. is given in the table below. The probabilities of the events are also given. Using expected monetary value criterion, identify the correct decision for Ramcast Cable Inc.

A) $d_{1}$ 
B) $d_{2}$ 
C) $d_{3}$ 
D) $d_{4}$

Quizplus · Accepted Answer

The Answer of Expected payoff corresponding to various levels of business expansion and economic conditions faced by Ramcast Cable Inc. is given in the table below. The probabilities of the events are also given. Using expected monetary value criterion, identify the correct decision for Ramcast Cable Inc.

A) $d_{1}$ 
B) $d_{2}$ 
C) $d_{3}$ 
D) $d_{4}$

Expected Payoff Corresponding to Various Levels of Business Expansion and Economic