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The Highest Value for the Equally Likely Criterion Is ________;

Question 33

Multiple Choice

The highest value for the equally likely criterion is ________; this occurs with alternative ________. States of Nature
 Alternatives S1 S2 Option 1$10,000$30,000 Option 2$5,000$45,000 Option 3$4,000$60,000\begin{array} { | c | c | c | } \hline \text { Alternatives } & \mathrm { S } _ { 1 } & \mathrm {~S} _ { 2 } \\\hline \text { Option } 1 & \$ 10,000 & \$ 30,000 \\\hline \text { Option } 2 & \$ 5,000 & \$ 45,000 \\\hline \text { Option } 3 & - \$ 4,000 & \$ 60,000 \\\hline\end{array}


A) $20,000; Option 1
B) $25,000; Option 2
C) $28,000; Option 3
D) $32,000; Option 3
E) $60,000; Option 3

Correct Answer:

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