Compute expected value for reject christ decision

Reference no: EM13150102

If you accept Christ, you have a 10% probability of earning $100 if God exists, and a 90% probability of earning $10 if there is no God, which gives an expected value of: (0.10)($100) + (0.90)($10) = $19.00. Compute the expected value for the "Reject Christ" decision and pick the "best" choice to make.

Reference no: EM13150102

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