Study the table below and use it to calculate the Expected Monetary Values (EMV) of the different outcomes.

DECISION TABLE WITH CONDITIONAL VALUES
	STATE OF NATURE
	FAVORABLE OUTCOME	UNFAVORABLE OUTCOME
ALTERNATIVE	($)	($)
Construct a Large Plant	300,000	-150,000
Construct a Small Plant	120,000	-30,000
No Plant	0	0
Probability	0.5	0.5

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To calculate the Expected Monetary Values EMV for each alternative you can multiply the conditional ... View the full answer