Expected monetary value (EMV) represents the expected value or mean return for each decision alternative if we could repeat this decision many times. EMV is most appropriate for problem solving that takes place. when all states of nature are equally likely when conditions we werage under conditions of tisk when all alternatives are equally likely There are three equally likely states of nature high, medium, and low demand). If the factory will post proties of $70,000 $80,000, and 590,000 under these states of nature, respectively, what is the IMV of the factory? $70,000 $90,000 $50,000 $80,000