Question: The following payoff table provides profits based on various possible decision alternatives and various levels of demand with probabilities of different demands: States of Nature

The following payoff table provides profits based on various possible decision alternatives and various levels of demand with probabilities of different demands:
States of Nature
Demand
Alternatives
Low
Medium
High
Alternative A
100
105
110
Alternative B
60
80
90
Alternative C
30
60
120
Probability
0.4
0.3
0.3
What will be the Expected Monetary Value (EMV) for the Alternative C?

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