What Is the EMV for Option 2 in the Following

question 65

Multiple Choice

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

• A) 10,000
• B) 16,000
• C) 20,000
• D) 24,000
• E) 30,000

---

Definitions:

Balanced Budget

A financial plan where total revenues are equal to or greater than total expenses, eliminating deficits.

Womanizing

A pattern of behavior by someone who engages in numerous casual sexual encounters or relationships, often with a connotation of deceit or manipulation.

Extramarital Affairs

Romantic or sexual relationships that occur outside of marriage, often considered infidelity and having significant social, moral, and legal implications.