What is the EMV for Option 2 in the following decision table?
States of Nature
Alternatives S1 S2
p .4 .6
Option 1 10,000 30,000
Option 2 5,000 45,000
Option 3 -4,000 60,000
A) 5,000
B) 21,000
C) 25,000
D) 29,000
E) 45,000
D
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