Question: 4. What is the expected value for Option (Alternative) 1 in this decision table? States of Nature State State II 0.3 0.7 $15,000 $20,000 $10,000

4. What is the expected value for Option

4. What is the expected value for Option (Alternative) 1 in this decision table? States of Nature State State II 0.3 0.7 $15,000 $20,000 $10,000 $25,000 Alternatives Probability Option 1 Option 2 A. $17,000 B. $17,500 C. $18,000 D. $18,500

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