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 21 & 22:
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 =30%, average =40%, rainy =30%.
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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