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TABLE 17-5  The following payoff table showsprofits associated witha set of 2 alternatives under 3 possible events. \text { The following payoff table showsprofits associated witha set of } 2 \text { alternatives under } 3 \text { possible events. }

question 124

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TABLE 17-5
 The following payoff table showsprofits associated witha set of 2 alternatives under 3 possible events. \text { The following payoff table showsprofits associated witha set of } 2 \text { alternatives under } 3 \text { possible events. } \quad \quad \quad \quad Action \text {Action }
 Event AB11000120025007003300200\begin{array} { c c c } \text { Event } & A & B \\1 & 1000 & 1200 \\2 &500 & 700\\3&300&-200\end{array}
Suppose that the probability of Event 1 is 0.2, Event 2 is 0.5, and Event 3 is 0.3.
-Referring to Table 17-5, what is the EMV for Action B?


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