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What Is the EMV for Option 2 in the Following

question 62

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What is the EMV for Option 2 in the following decision table?
                               States of Nature  Alternatives S1 S2p.4.6 Option 1 10,00030,000 Option 2 5,00045,000 Option 3 4,00060,000~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~{ \text { States of Nature } } \\\begin{array} { | l | c | c | } \hline \text { Alternatives } & \mathrm { S } _ { 1 } & \mathrm {~S} _ { 2 } \\\hline \mathrm { p } & .4 & .6 \\\hline \text { Option 1 } & 10,000 & 30,000 \\\hline \text { Option 2 } & 5,000 & 45,000 \\\hline \text { Option 3 } & -4,000 & 60,000 \\\hline\end{array}

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Definitions:

Timestyle

An individual's unique way of organizing, perceiving, and valuing their time, affecting their behaviors and choices.

Allocation

The process of distributing resources or assigning tasks among various projects, departments, or individuals based on strategic priorities.

Passage of Time

The continuous progression into the future as moments transition from the present into the past.

Polychronic Activity

Polychronic activity denotes the handling of multiple tasks or engagements simultaneously, often seen in cultures or individuals who manage their time in a fluid, non-linear manner.

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