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Author Question: What is the EMV for Option 2 in the following decision table? (Read 31 times)

Zoey63294

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on: Dec 3, 2019

Question 1

The expected value with perfect information is
◦ obtained using conditional probabilities.
◦ the same as the expected value of perfect information.
◦ valuable in situations involving risk.
◦ the average return obtained when the decision maker knows which state of nature is going to occur before the decision is made.
◦ the maximum EMV for a set of alternatives.

Question 2

What is the EMV for Option 2 in the following decision table?


◦ 30,000
◦ 10,000
◦ 24,000
◦ 16,000
◦ 20,000
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Marked as best answer by Zoey63294 on Dec 3, 2019

brittrenee

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Reply #1 on: Dec 3, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Zoey63294

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Reply 2 on: Dec 3, 2019
Thanks for the timely response, appreciate it

juliaf

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Reply 3 on: Yesterday
Excellent

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