Find the Expected Monetary Value (EMV) for each possible pair of outcomes in the decision tree below

Find the Expected Monetary Value (EMV) for each possible pair of outcomes in the decision tree below. (Hint: There are 6 combinations of decisions possible.) Which decision combination is the best choice?

аз $50,000 4 0.75 ад $60,000 a1 0.25 0.8 $85,000 5 ($2,500) 0.2 1 $35,000 0.4 $75,000 6 0.6 $95,000 3 $50,000 0.5 0.5 a1 $90,000 7 $70,000 аs 0.3 $85,000 ($3,000)

 

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