Question

In EMV method we select the best act for which EMV has _____ values.
In EMV method we select the best act for which EMV has _____ values.

Minimum
Maximum
Between maximum and minimum
Neither maximum and minimum​

Answer 1

Answer:

Maximum value is the correct answer

Answer 2

In EMV method we select the best act for which EMV has :

Explanation:

• In the case of profit or gain the course of action corresponding to the maximum expected monetary value is the optimum course of action according to this criterion.
• And in the case of loss or cost, the course of action corresponding to the minimum expected monetary value is the optimum course of action according to this criterion.
• Maximum is correct.