Multiple Choice
Option A has a payoff of $10,000 in environment 1 and $20,000 in environment 2. Option B has a payoff of $12,500 in environment 1 and $17,500 in environment 2. Once the probability of environment 2 exceeds ______, option A becomes the better choice.
A) 0.33
B) 0.67
C) 0.45
D) 0.50
E) 0.55
Correct Answer:
Verified
Correct Answer:
Verified
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