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

40

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