What Is the EMV for Option 2 in the Following

question 104

Multiple Choice

What is the EMV for Option 2 in the following decision table? States of Nature
$$\begin{array} { | c | c | c | } \hline \text { Alternatives } & \mathrm { S } _ { 1 } & \mathrm {~S} _ { 2 } \\\hline \mathrm { p } & .6 & .4 \\\hline \text { Option } 1 & 200 & 300 \\\hline \text { Option } 2 & 50 & 350 \\\hline\end{array}$$

• A) 50
• B) 100
• C) 170
• D) 200
• E) 350

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Definitions:

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Twins

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Schizophrenia

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Seasonal Birth Risk

The hypothesis that the season in which a person is born may affect their risks of various diseases and health outcomes.