Instruction 17-7
The following payoff table shows profits associated with a set of two alternatives under three possible events.
$$\begin{array} { l l l }
\text { Event } & \text { Action A } & \text { Action B } \
\hline 1 & 1000 & 1200 \
2 & 500 & 700 \
3 & 300 & - 200
\end{array}$$
-Referring to Instruction 17-7,what is the optimal action using expected monetary value (EMV)?

Question

Instruction 17-7
The following payoff table shows profits associated with a set of two alternatives under three possible events.
 $$\begin{array} { l l l } 
\text { Event } & \text { Action A } & \text { Action B } \
\hline 1 & 1000 & 1200 \
2 & 500 & 700 \
3 & 300 & - 200
\end{array}$$
-Referring to Instruction 17-7,what is the optimal action using expected monetary value (EMV)?

Quizplus · Accepted Answer

The Answer of Instruction 17-7
The following payoff table shows profits associated with a set of two alternatives under three possible events.
 $$\begin{array} { l l l } 
\text { Event } & \text { Action A } & \text { Action B } \
\hline 1 & 1000 & 1200 \
2 & 500 & 700 \
3 & 300 & - 200
\end{array}$$
-Referring to Instruction 17-7,what is the optimal action using expected monetary value (EMV)?

Instruction 17-7 the Following Payoff Table Shows Profits Associated with a Set

Instruction 17-7
the Following Payoff Table Shows Profits Associated with a Set