This topic contains a solution. Click here to go to the answer

Author Question: What is the EMV for Option 2 in the following decision table? (Read 19 times)

Zoey63294

  • Hero Member
  • *****
  • Posts: 539

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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Zoey63294 on Dec 3, 2019

brittrenee

  • Sr. Member
  • ****
  • Posts: 321
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.
Answer Preview
Only 39% of students answer this correctly




Zoey63294

  • Member
  • Posts: 539
Reply 2 on: Dec 3, 2019
Thanks for the timely response, appreciate it


patma1981

  • Member
  • Posts: 292
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

For a complete list of videos, visit our video library