Question: State 1 State 2 State 3 Probability 0.3 0.4 0.3 Alternative 1 25 80 60 Alternative 2 75 30 90 Alternative 3 100 40 35

State 1 State 2 State 3
Probability 0.3 0.4 0.3
Alternative 1 25 80 60
Alternative 2 75 30 90
Alternative 3 100 40 35
Alternative 4 60 45 80

If a person were to use the expected monetary value criterion, what decision would be made?

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