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The Highest Value for the Equally Likely Criterion Is __________;

Question 42

Multiple Choice

The highest value for the equally likely criterion is __________; this occurs with alternative __________.                                States of Nature  Alternatives S1S2 Option 1 $10,000$30,000 Option 2 $5,000$45,000 Option 3 $4,000$60,000~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~{ \text { States of Nature } } \\\begin{array} { | l | c | c | } \hline \text { Alternatives } & \underline { \mathrm { S } } \underline { 1 } & \underline { \mathrm { S } } 2 \\\hline \text { Option 1 } & \$ 10,000 & \$ 30,000 \\\hline \text { Option 2 } & \$ 5,000 & \$ 45,000 \\\hline \text { Option 3 } & \$ - 4,000 & \$ 60,000 \\\hline\end{array}


A) $20,000; Option 1
B) $25,000; Option 2
C) $28,000; Option 3
D) $32,000; Option 3
E) $60,000; Option 3

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