- - 11.1 0 Consider the following decision table, which Joe Blackburn has developed for Vanderbilt Enterprises: DECISION ALTERNATIVES ' LOW A $40 B $85 C $60 D $65 E $70 Probability .40 Which decision alternative maximizes the expected value of the payoff? l'x STATES OF NATURE MEDIUM $100 $ 60 $ 70 $ 75 $ 65 .20 HIGH $60 $70 $70 $70 $80 .40