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Instruction 17-2
the Following Payoff Table Shows Profits Associated with a Set

question 67

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Instruction 17-2
The following payoff table shows profits associated with a set of three alternatives under two possible events.
StatesA1A2A31122824105\begin{array} { c r r r } States & A 1 & A 2 & A 3 \\\hline 1 & 12 & - 2 & 8 \\2 & 4 & 10 & 5\end{array}
where: S1\quad S 1 is event 1A11 \quad A 1 is action alternative 1
S2\quad\quad\quad\quad S 2 is event 2A22 \quad A 2 is action alternative 2
A3\quad\quad\quad\quad\quad\quad\quad A 3 is action alternative 3
-Referring to Instruction 17-2,if the probability of S1 is 0.5,then the expected monetary value (EMV) for A1 is


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