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If Is the Monetary Value Corresponding to Outcome I

Question 36

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If If is the monetary value corresponding to outcome i and is its probability,then the expected monetary value is defined as: EMV = . is the monetary value corresponding to outcome i and If is the monetary value corresponding to outcome i and is its probability,then the expected monetary value is defined as: EMV = . is its probability,then the expected monetary value is defined as: EMV = If is the monetary value corresponding to outcome i and is its probability,then the expected monetary value is defined as: EMV = . .

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