Consider the following decision table in which w, x, y, and z are decision alternatives and A and B are the two possible states of nature, with probabilities 0.40 and 0.60. The expected value for decision w is__________
A) 40
B) 75
C) 80
D) 220
E) 30

Question

Consider the following decision table in which w, x, y, and z are decision alternatives and A and B are the two possible states of nature, with probabilities 0.40 and 0.60.  The expected value for decision w is__________
A) 40 
B) 75 
C) 80 
D) 220 
E) 30

Quizplus · Accepted Answer

The Answer is A

Consider the Following Decision Table in Which W, X, Y