The expected monetary value (EMV)criterion represents the long-run average of uncertain outcomes,so it should only be used for recurring decisions.

Name: The expected monetary value (EMV)criterion represents the long-run average of uncertain outcomes,so it should only be used for recurring decisions.
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The EMV criterion can be used for both recurring and one-time decisions. It is a useful tool to calculate the potential value of different options based on their probabilities and outcomes.

The Expected Monetary Value (EMV)criterion Represents the Long-Run Average of Uncertain