Multiple Choice
In a decision tree problem involving capacity planning, there was a random outcome node with three random outcomes (A,B, and C) which followed a decision node.The probabilities for A, B and C: P(A) =0.4, P(B) = 0.6 and P(C) = 0.2.Payoff following A,B and C respectively are $10000, $5000 and $2000.Expected value of that random outcome node is:
A) $7400
B) $7000
C) $17000
D) Cannot be determined since there is something wrong with the data given.
E) $5666.
Correct Answer:
Verified
Correct Answer:
Verified
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