Question: Use the information below for Question 2 1 & 2 2 : A farmer is considering planting five possible crop mixes. The outcomes depend on
Use the information below for Question & :
A farmer is considering planting five possible crop mixes. The outcomes depend on the weather dry average, or rainy Assume the three possible weather states have probabilities: dry average rainy
Which planting decision has the highest expected monetary value?
A
mix E
B
mix C
C
mix D
D
mix A
E
mix B
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