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What is the emv

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Reference no: EM13888802 , Length: word count:250

What is the EMV for Option 1 and 2 in the following decision table? Which one would you choose and why?

 

States of nature

Alternatives

S1

S2

p

.3

.7

Option 1

15,000

20,000

Option 2

10,000

30,000

Additional information

The problem related to Operations Management and it explains about choosing between EMV options and the reasons.

Word limit: 250

Reference no: EM13888802

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