What is the EMV for Option 2 in the following decision table?
A) 50
B) 100
C) 170
D) 200
E) 350

Name: What is the EMV for Option 2 in the following decision table? A) 50 B) 100 C) 170 D) 200 E) 350
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Question

What is the EMV for Option 2 in the following decision table? 
A) 50 
B) 100 
C) 170 
D) 200 
E) 350

Quizplus · Accepted Answer

The EMV (Expected Monetary Value) for Option 2 is calculated as follows:
(0.4 x 400) + (0.4 x 100) + (0.2 x 0) = 160 + 40 + 0 = 200
Therefore, the EMV for Option 2 is 200. Since this is the highest value among all the options, choosing Option 2 would be the best choice.

What Is the EMV for Option 2 in the Following