Exhibit 21-5
Below you are given a payoff table involving three states of nature and three decision alternatives. The probability of occurrence of S 1 is 0.2 and the probability of occurrence of S 2 is 0.3.
-Refer to Exhibit 21-5. The expected monetary value of the best alternative is
A)5.0
B)6.5
C)7.5
D)9.0

Question

Exhibit 21-5
Below you are given a payoff table involving three states of nature and three decision alternatives.  The probability of occurrence of S 1 is 0.2 and the probability of occurrence of S 2 is 0.3.
-Refer to Exhibit 21-5. The expected monetary value of the best alternative is
A)5.0 
B)6.5 
C)7.5 
D)9.0

Quizplus · Accepted Answer

The Answer of Exhibit 21-5
Below you are given a payoff table involving three states of nature and three decision alternatives.  The probability of occurrence of S 1 is 0.2 and the probability of occurrence of S 2 is 0.3.
-Refer to Exhibit 21-5. The expected monetary value of the best alternative is
A)5.0 
B)6.5 
C)7.5 
D)9.0

Exhibit 21-5 Below You Are Given a Payoff Table Involving Three States