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State 1 State 2 State 3 Probability 0.3 0.4 0.3 Alternative 1 25 80 60 Alternative 2 75 30 90 Alternative 3 100 40 35
| State 1 | State 2 | State 3 | |
| Probability | 0.3 | 0.4 | 0.3 |
| Alternative 1 | 25 | 80 | 60 |
| Alternative 2 | 75 | 30 | 90 |
| Alternative 3 | 100 | 40 | 35 |
| Alternative 4 | 60 | 45 | 80 |
If a person were to use the expected monetary value criterion, what decision would be made?
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Management
Authors: Stephen P Robbins, Mary Coulter
11th Edition
9780273752776, 132163845, 273752774, 978-0132163842
