Assume that we want to hold a concert, and we can choose to hold it indoors or out of doors (two alternatives). Also assume that the weather can be either good or bad (two states). The following Payoff Table shows the monetary value for each combination: The probability values in the table show the probability of each state, for example P(state=Bad weather)=0.25. Alternative/State Bad weather Good weather Outdoor Venue -$5000 $15000 Indoor Venue $8000 $12000 Probability 0.25 0.75 How much is the "Expected Monetary Value" of the Outdoor Venue decision alternative? 10,000