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Gross Profits the Following Payoff Table Shows Gross Profits (In $1000)associated

Question 31

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Gross Profits
The following payoff table shows gross profits (in $1000)associated with a set of 3 acts under 2 possible states of nature. Gross Profits The following payoff table shows gross profits (in $1000)associated with a set of 3 acts under 2 possible states of nature. ​ ​ -{Gross Profits Narrative} If the probability of s<sub>1</sub> is 0.5,then the expected monetary value (EMV)for a<sub>2</sub> is ____________________. ​ ​
-{Gross Profits Narrative} If the probability of s1 is 0.5,then the expected monetary value (EMV)for a2 is ____________________.

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