- Decision Making under Risk (Expected Value Rule) Problem 5. For Fletcher, Cooper, and Wainwright, find the best decision using the expected value rule. The probabilities for the events are given below. Event Land Routes Land Routes No treaty Treaty Alternative (0.5) (0.3) Sea obi Routes Only 19 NO (0.2) young loven real on Junds Arrows $840,000 $440,000 $190,000 Barrels $370,000 $220,000 $670,000 bBEJ br Wagons $25,000 $1,150,000 ($25,000) lao T What alternative has the highest expected payoff? 000,0A12 000 0182 000.052 SvirsmailA derull