A decision maker's worst option has an expected value of $2,550, and the decision maker's best option has an expected value of $4,750. With perfect information, the expected value would be $6,000. The decision maker has received an offer from a banking firm that will make their position risk-free for a fee of $600. How much better off will the decision maker be if they take the offer?
A)$2,200
B)$4,250
C)$3,450
D)$1,250
E)$650

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The Answer of A decision maker's worst option has an expected value of $2,550, and the decision maker's best option has an expected value of $4,750. With perfect information, the expected value would be $6,000. The decision maker has received an offer from a banking firm that will make their position risk-free for a fee of $600. How much better off will the decision maker be if they take the offer?
A)$2,200
B)$4,250
C)$3,450
D)$1,250
E)$650

A Decision Maker's Worst Option Has an Expected Value of $2,550