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What is the EMV for Option 1 in the following decision table? States of Nature Alternatives S 1 S 2 probability 0 . 6 0

What is the EMV for Option 1 in the following decision table?
States of Nature
Alternatives
S1
S2
probability
0.6
0.4
Option 1
200
300
Option 2
50
350
Group of answer choices
200
240
250
260
300What is the expected value with perfect information of the following decision table?
States of Nature
Alternatives
S1
S2
probability
0.4
0.6
Option 1
10,000
30,000
Option 2
5,000
45,000
Option 3
-4,000
60,000
Group of answer choices
5,000
10,000
40,000
60,000
70,000

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