Homework Answers
| Decision Alternatives | Probability | 0.45 | 0.25 | 0.3 | |
| Low | Medium | High | EMV | ||
| A | 40 | 100 | 60 | =(C3*0.45)+(D3*0.25)+(E3*0.3) | |
| B | 90 | 50 | 75 | =(C4*0.45)+(D4*0.25)+(E4*0.3) | |
| C | 65 | 60 | 75 | =(C5*0.45)+(D5*0.25)+(E5*0.3) | |
| D | 70 | 75 | 70 | =(C6*0.45)+(D6*0.25)+(E6*0.3) | |
| E | 70 | 75 | 75 | =(C7*0.45)+(D7*0.25)+(E7*0.3) |
| Decision Alternatives | Probability | 0.45 | 0.25 | 0.3 | |
| Low | Medium | High | EMV | ||
| A | 40 | 100 | 60 | 61 | |
| B | 90 | 50 | 75 | 75.5 | |
| C | 65 | 60 | 75 | 66.75 | |
| D | 70 | 75 | 70 | 71.25 | |
| E | 70 | 75 | 75 | 72.75 |
The alternative that provides Blackburn the greatest Expected Monetary Value (EMV) is B with EMV of 75.5
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