What is the EMV for Alternative 1 in the following decision table? STATE OF NATURE Alternative S1
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What is the EMV for Alternative 1 in the following decision table?
STATE OF NATURE Alternative S1 S2 A1 $15,000 $20,000 A2 $10,000 $30,000 Probability 0.30 0.70
a) $15,000
b) $17,000
c) $17,500
d) $18,500
e) $20,000 L01
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