Consider the Following Decision Table in Which W, X, Y

question 32

Multiple Choice

Consider the following decision table in which w, x, y, and z are decision alternatives and A and B are the two possible states of nature, with probabilities 0.40 and 0.60. The expected value for decision y is__________

• A) 40
• B) 28
• C) 50
• D) 22
• E) 15