Consider the following decision table in which w, x, y, and z are decision alternatives and A and B
Are the two possible states of nature, with probabilities 0.40 and 0.60.
The expected value for decision Z is ___________.
A) 110
B) 200
C) 170
D) 140
E) 150

Question

Consider the following decision table in which w, x, y, and z are decision alternatives and A and B
Are the two possible states of nature, with probabilities 0.40 and 0.60. 
The expected value for decision Z is ___________.
A) 110 
B) 200 
C) 170 
D) 140 
E) 150

Quizplus · Accepted Answer

110

Consider the Following Decision Table in Which W, X, Y