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What Is the EMV for Option 2 in the Following

Question 16

Multiple Choice

What is the EMV for Option 2 in the following decision table?
                               States of Nature  Alternatives S1 S2p.3.7 Option 1 15,00020,000 Option 2 10,00030,000~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~{ \text { States of Nature } } \\\begin{array} { | l | c | c | } \hline \text { Alternatives } & \mathrm { S } _ { 1 } & \mathrm {~S} _ { 2 } \\\hline \mathrm { p } & .3 & .7 \\\hline \text { Option 1 } & 15,000 & 20,000 \\\hline \text { Option 2 } & 10,000 & 30,000 \\\hline\end{array}


A) 10,000
B) 16,000
C) 20,000
D) 24,000
E) 30,000

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