What Is the EMV for Option 2 in the Following

question 49

Multiple Choice

What is the EMV for Option 2 in the following decision table?
$$~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~{ \text { States of Nature } } \\\begin{array} { | l | c | c | } \hline \text { Alternatives } & \mathrm { S } _ { 1 } & \mathrm {~S} _ { 2 } \\\hline \mathrm { p } & .6 & .4 \\\hline \text { Option 1 } & 200 & 300 \\\hline \text { Option } 2 & 50 & 350 \\\hline\end{array}$$

• A) 50
• B) 100
• C) 170
• D) 200
• E) 350

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Definitions:

Challenging Life Events

Significant occurrences that require substantial adjustment efforts, potentially causing stress and affecting an individual's psychological wellbeing.

Lack Emotion

Describes a state or condition where an individual experiences a diminished capacity to feel emotions, often referred to as emotional numbness.

Decks Of Cards

A set of typically 52 cards used in various games, each card having a specific rank and suit.

Win Or Lose

An outcome scenario in any competition or situation where there are definitive positive (win) or negative (lose) results.