Question: The expected payout or value of variable that has different possible states of nature, each with an associated probability is called _ _ _ _

The expected payout or value of variable that has different possible states of nature, each with an associated probability is called ______________
Group of answer choices
return on assets (ROA)
expected monetary value (EMV)
return on investment (ROI)
variable rate of return (VRR

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

SAMPLING MEAN: DEFINITION: The term sampling mean is a statistical term used to describe the properties of statistical distributions. In statistical terms, the sample mean from a group of...

Q:

A firm has the following book-value balance sheet; Debt = $ 9 ,000, Common Stock ($1 par)= 506 and Retained Earnings = $ 6,000. The book value of assets is the total of Debt, Common Stock and...

Q:

You helped me a couple of weeks ago. I was wondering if i could setup a time for tomorrow that you could be available to help me with some questions. I will pay $20 per question. They are short and I...

Q:

Select the answers for questions 1-11, from the following list and write it on the answer sheet; A State of nature Decision Alternatives Decision table Maximin Equally likely Decision tree 16 Node...

Q:

What is the expected payout or value of a variable that has different possible states of nature, each with an associated probability? What is the expected payout or value of a variable that has...

Q:

Question 3 4 pts The following payoff table shows profits associated with a set of 3 alternatives under 2 possible states of nature. If the probability of S1 is 0.5, what is the optimal alternative...

Q:

Please provide steps, thank you The following payoff table shows profits associated with a set of 3 alternatives under 2 possible states of nature. If the probability of 51 is 0.5, what is the...

Q:

The following payoff table shows profits associated with a set of 3 alternatives under 2 possible states of nature. If the probability of S1 is 0.5, what is the optimal alternative using the expected...

Q:

The following payoff table shows profits associated with a set of 3 alternatives under 2 possible states of nature. If the probability of S1 is 0.5, then the expected value approach for X is 8 6.5 4 3

Q:

I am looking for the correct answer for this Q .. Can you help me :) I need also steps with Calculatorplz Thanks....

Q:

On October 31, 2015, the bank statement shows that your company has $14,056.73 in its checking account. You are aware of three outstanding checks totalling $3,762.19. During October 2015, the bank...

Q:

A gas refrigeration system using air as the working fluid has a pressure ratio of 5. Air enters the compressor at 0°C. The high-pressure air is cooled to 35°C by rejecting heat to the...

Q:

Hw - ( 2 ) Exercise 2 0 - 7 ( Static ) Manufacturing: Direct materials budget LO P 1 Ruda incorporated is preparing as direct materias budget for the second quasec. 1 budgets production of 2 4 0 , 0...

Q:

Assume it is Monday, May 1, the first business day of the month, and you have just been hired as the accountant for Colo Company, which operates with monthly accounting periods. All of the companys...