What Is the EMV for Option 2 in the Following

question 16

Multiple Choice

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

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

---

Definitions:

Resistant

Displaying opposition or holding out against something, often referring to the ability to withstand adverse conditions or resistance to disease or treatment.

Minimal Group Paradigm

A concept in social psychology that illustrates how individuals can form in-groups and out-groups with minimal conditions, such as random assignment to groups.

Intergroup Conflict

Conflict that arises between different groups or teams, often due to competition for resources or conflicting goals.

Tajfel

Refers to Henri Tajfel, a social psychologist best known for his work on the social identity theory, which explores how group membership affects self-identity and intergroup behavior.