What Is the EMV for Option 1 in the Following

question 100

Multiple Choice

What is the EMV for Option 1 in the following decision table? States of Nature
$$\begin{array} { | c | c | c | } \hline \text { Alternatives } & \mathrm { S } _ { 1 } & \mathrm {~S} _ { 2 } \\\hline \mathrm { p } & .3 & .7 \\\hline \text { Option } 1 & 15,000 & 20,000 \\\hline \text { Option } 2 & 10,000 & 30,000 \\\hline\end{array}$$

• A) 15,000
• B) 17,000
• C) 17,500
• D) 18,500
• E) 20,000

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