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omeli [17]
3 years ago
8

The likelihood that a decision maker will ever receive a payoff precisely equal to the EMV when making any one decision is: a. L

ow (near 0%) b. High (near 100%) c. Dependent on the number of alternatives d. Dependent upon the number of states of nature 3 points
Business
1 answer:
djyliett [7]3 years ago
4 0

Answer: low (near 0%)

Explanation:

The expected monetary value(EMV) simply refers to the amount of money that an economic agent can expect to make based on a particular decision that's made.

It should be noted that the likelihood that a decision maker will be able to receive a payoff that is exactly as thesame as the EMV when a decision is being made will be near to zero as it's very low that it'll happen.

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