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 Y is ___________.
A) 40
B) 28
C) 50
D) 22
E) 15

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 Y is ___________.
A) 40 
B) 28 
C) 50 
D) 22 
E) 15

Quizplus · Accepted Answer

28

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