When decisions are reached using probability theory,the alternative normally chosen is the one with ________.
A)the lowest expected value
B)the highest expected value
C)the lowest cost/benefit ratio
D)the lowest risk
E)the highest risk

Question

Quizplus · Accepted Answer

The alternative normally chosen is the one with the highest expected value, as it represents the option with the greatest anticipated benefit or return, according to probability theory.

When Decisions Are Reached Using Probability Theory,the Alternative Normally Chosen