When Using the Expected Value Criterion,the Expected Value for a Given

Multiple Choice

When using the expected value criterion,the expected value for a given alternative is:

A) the amount the decision maker will receive if that alternative is chosen.
B) the amount the decision maker is most likely to receive if that alternative is chosen.
C) the average amount the decision maker would receive in the long run if the decision is repeated many times.
D) the amount by which the decision maker will regret choosing that alternative.