What Is the EMV for Option 1 in the Following

question 39

Multiple Choice

What is the EMV for Option 1 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) 200
• B) 240
• C) 250
• D) 260
• E) 300

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Definitions:

News Media

The segment of the media industry that focuses on delivering news to the general public or a target public.

Inform Public

The act of disseminating information to the general population, often for the purpose of education or awareness.

Entertaining Manner

A way of engaging or holding the attention of an audience that is enjoyable and amusing.

Rupert Murdoch

An Australian-born American media mogul known for founding News Corporation, a global media and entertainment company.