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[All Steps] Based on the information in the chart STATE CHOICE I II A $22,000 $15,000 B $20,000 $30,000 C $17,000 $34,000 The probability of state I occurring

Question: Based on the information in the chart

STATE
CHOICE I II
A $22,000 $15,000
B $20,000 $30,000
C $17,000 $34,000

The probability of state I occurring is 0.40, and the probability of state II occurring is 0.60. What is the expected monetary value of Choice B when State II occurs?

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