1) expected monetary value (emv) is: ) the average or expected monetary outcome of a decision if it can be repeated a large number of times. b) the average or expected value of the decision, if you know what would happen ahead of time. c) the average or expected value of information if it were completely accurate. d) the amount you would lose by not picking the best alternative. e) a decision criterion that places an equal weight on all states of nature.

Fabian got into an accident on his way to work. he had multiple fractures in his leg. his doctor advised strict bed rest for at least three months.fabian is a freelance wildlife photographer who usually works on a contract basis, and this is his primary source of income. before the accident, fabian was planning his finances. which goal of his financial plan would fabian in getting through without pay for the next three months? the goal that requires the creation of a/an would fabian get through the next three months without pay.