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What is the expected value under certainty in the following decision table? States of nature Alternatives S 1 S 2 p .6 .4 Option 1
What is the expected value under certainty in the following decision table?
States of nature | ||
Alternatives | S1 | S2 |
p | .6 | .4 |
Option 1 | 200 | 300 |
Option 2 | 50 | 350 |
A. | 300
| |
B. | 350 | |
C. | 260
| |
D. | 200
| |
E. | 50
|
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