What Is the EMV for Option 2 in the Following

question 49

Multiple Choice

What is the EMV for Option 2 in the following decision table? States of Nature
$$\begin{array} { | c | c | c | } \hline \text { Alternatives } & \mathrm { S } _ { 1 } & \mathrm {~S} _ { 2 } \\\hline \mathrm { p } & .4 & .6 \\\hline \text { Option 1 } & 10,000 & 30,000 \\\hline \text { Option 2 } & 5,000 & 45,000 \\\hline \text { Option 3 } & - 4,000 & 60,000 \\\hline\end{array}$$

• A) 5,000
• B) 21,000
• C) 25,000
• D) 29,000
• E) 45,000

---

Definitions:

Psychological Development

The process of emotional, cognitive, social, and personality growth that occurs throughout a human life span.

James Marcia

A psychologist known for his work on adolescent identity development, specifically for elaborating on Erikson's stages of psychosocial development with his theory of identity statuses.

Identity Diffusion

A state in Erikson's theory of identity development where an individual has not yet formed a stable sense of self or identity, often leading to confusion and uncertainty.

Foreclosure

In developmental psychology, a state where an individual prematurely commits to values or goals without self-exploration.