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What is the EMV for Option 1 in the following decision table? States of Nature Alternatives S 1 S 2 p . 7 . 3

What is the EMV for Option 1 in the following decision table?
States of Nature
Alternatives
S1
S2
p
.7
.3
Option 1
15,000
20,000
Option 2
10,000
30,000
Group of answer choices
17,500
15,000
20,000
16,500
18,500

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