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The following is the payoff matrix for two alternate plans. Assume the probability of the market being receptive is known to be 0 . 7

The following is the payoff matrix for two alternate plans. Assume the probability of the market being receptive is known to be 0.70(thus, probability of the market being unfavorable is 0.30).
Decision Alternatives Market Receptive S1 Market Unfavorable S2
Plan a $50000 $15000
Plan b $60000 $5000
At what probabilities of states of nature S1(
) and S2(
) would the Expected Monetary value of Plan b, EMV (Plan b)= $ 40000?
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