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Kirsten is trying to decide where to go for her well-earned vacation. She would like to camp, but if the weather is bad, she will
Kirsten is trying to decide where to go for her well-earned vacation. She would like to camp, but if the weather is bad, she will have to go to a motel. Given the costs and probabilities of bad weather given below, which destination should she choose? a. None of the 3 choices. b. Nevada, because its EMV=$42.04 c. Oregon, because its EMV=$42.04 d. Any of the 3 choices. e. Nevada, because its EMV=$32.28 f. California, because its EMV=$32.28 g. Oregon, because its EMV is $36.50. h. California, because its EMV=$36.5
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