$($EMV$)$ critest decision based on an expected monetary value dealin criterion? $($Note: We want the lowest EMV, as we are dealing with costs in this problem.$)$

$5\mathrm{.}15$ MacDonald Products, Inc., of Clarkson, New York, has the option of $($a$)$ proceeding immediately with production of a new top$-$of$-$the$-$line stereo TV that has just completed prototype testing or $($b$)$ having the value analysis team complete a study. If Ed Lusk, VP for operations, proceeds with the existing prototype $($option a$),$ the firm can expect sales to be $100,000$ units at $$550$ each, with a probability of $6,$ and a $\mathrm{.}4$ probability of $75,000$ at $$550.$ If$,$ however, he uses the value analysis team $($option b$),$ the firm expects sales of $75,000$ units at $$750,$ with a probability of $7,$ and a $\mathrm{.}3$ probability of $70,000$ units at $$750.$ Value analysis, at a cost of $$100,000,$ is only used in option b$.$ Which option has the highest expected monetary value $($EMV$)?$

$-5\mathrm{.}16$ Residents of Mill River have fond memories of ice sk$$ting at a local park. An artist has captured the experience in a drawing and is hoping to reproduce it and sell framed copies