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

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Definitions:

Servants

Individuals employed to perform domestic duties for others, typically within a household, including tasks related to cleaning, cooking, and personal assistance.

Inherently Good

A philosophical view that suggests something possesses fundamental, moral positivity by its very nature.

Punishments

Consequences that are applied with the intention of reducing or eliminating an unwanted behavior by causing discomfort or displeasure to the individual receiving it.

Discipline

Discipline involves training or developing by instruction and exercise, especially in self-control or enforcement of orderly conduct, according to rules or principles.