Question: What is the EMV for decision alternative 2 (D2) if the payoff for (D1, S1) is $75,000; payoff (D1, S2) is $80,000, and payoff (D2,

What is the EMV for decision alternative 2 (D2) if the payoff for (D1, S1) is $75,000; payoff (D1, S2) is $80,000, and payoff (D2, S1) is $60,000 and payoff (D2, S2) is $130,000 given that the probability of S1 is 20%.

Select one:

a. 130,000

b. Cannot be calculated

c. 124,000

d. 116,000

e. 112,500

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