Question: Use the following Payoff Table to answer questions in Problem Set Q 2 . Buy 0 Unit Buy 1 Unit Buy 2 Units Buy 3

Use the following Payoff Table to answer questions in Problem Set Q2.
Buy 0 Unit
Buy 1 Unit
Buy 2 Units
Buy 3 Units
Probability
\table[[S1,S2,S3,S4,S5],[0,0,0,0,0],[-7,70,88,6,-14],[-27,69,33,51,34],[62,33,34,-1,84],[0.2,0.4,0.1,0.1,0.2]]
Question: What is the expected monetary value (EMV) if we choose to buy 2 units?
 Use the following Payoff Table to answer questions in Problem Set

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