Expected payoff corresponding to various levels of business expansion for \href{http://ThingsJamaica.com}{ThingsJamaica.com} Inc. is given in the table below. The probabilities of the events are also given. What is the maximum expected monetary value (EMV) corresponding to the EMV maximizing decision?

A) 270,000
B) 250,000
C) 4,000
D) 485,000

Question

Expected payoff corresponding to various levels of business expansion for \href{http://ThingsJamaica.com}{ThingsJamaica.com} Inc. is given in the table below. The probabilities of the events are also given. What is the maximum expected monetary value (EMV) corresponding to the EMV maximizing decision?

A) 270,000 
B) 250,000 
C) 4,000 
D) 485,000

Quizplus · Accepted Answer

The Answer of Expected payoff corresponding to various levels of business expansion for \href{http://ThingsJamaica.com}{ThingsJamaica.com} Inc. is given in the table below. The probabilities of the events are also given. What is the maximum expected monetary value (EMV) corresponding to the EMV maximizing decision?

A) 270,000 
B) 250,000 
C) 4,000 
D) 485,000

Expected Payoff Corresponding to Various Levels of Business Expansion for \Href{http://ThingsJamaica.com}{ThingsJamaica.com}