has decided that the following costs are a good estimate of the initial and variable costs connected with each of the three strategies explained below. and $0\mathrm{.}3$ for $$0\mathrm{.}45.$ $$0\mathrm{.}35.$ probabilities of $0\mathrm{.}9$ of $$0\mathrm{.}40$ and $0\mathrm{.}1$ of $$0\mathrm{.}35.$

What is the best decision based on an expected monetary value $($EMV$)$ criterion? $($Note: We want the lowest EMV, as we are dealing with costs in this problem.$)$

Subcontract

High$-$tech

Low$-$tech