Question: Expected monetary value ( EMV ) is Group of answer choices the average or expected value of information if it were completely accurate. the average

Expected monetary value (EMV) is
Group of answer choices
the average or expected value of information if it were completely accurate.
the average or expected value of the decision, if you know what would happen ahead of time.
the average or expected monetary outcome of a decision if it can be repeated a large number of times.
the amount you would lose by not picking the best alternative.

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