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Business, 27.10.2021 23:10 jojo10092003

Expected monetary value (EMV) is a. a decision criterion that places an equal weight on all states of nature. b. the average or expected value of the decision, if you know what would happen ahead of time. c. the amount you would lose by not picking the best alternative. d. the average or expected value of information if it were completely accurate. e. the average or expected monetary outcome of a decision if it can be repeated a large number of times.

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