Select the most accurate statement regarding the meaning of expected monetary value

$($EMV$).$

Suppose the EMV for a particular decision is $$950.$ This means that one of the possible outcomes

from the decision is $$950.$

When acting according to the EMV criterion, you value a decision with an EMV of $$100$ the same as a

sure monetary outcome of $$100.$

Suppose the EMV for a particular decision is $$950.$ This means that the payoff from this decision is

assured to be $$950.$

EMV is the only criterion for making decisions under uncertainty.

EMV is the maximum payoff in a payoff table.