Consider the following decision scenario:
If yes and no are equally likely, which alternative has the largest expected monetary value?
A) small.
B) medium.
C) med.-large.
D) large.
E) ex-largE.

Question

Consider the following decision scenario: 
If yes and no are equally likely, which alternative has the largest expected monetary value?
A) small. 
B) medium. 
C) med.-large. 
D) large. 
E) ex-largE.

Quizplus · Accepted Answer

The Answer of Consider the following decision scenario: 
If yes and no are equally likely, which alternative has the largest expected monetary value?
A) small. 
B) medium. 
C) med.-large. 
D) large. 
E) ex-largE.

Consider the Following Decision Scenario