A financial analyst was asked to assess the viability of two projects. Accord'', to the estimate, Project A shows a probability of 0.40 to achieve a value of 2 million pesos and a probability of 0.60 to achieve a value 500,000 pesos. Project B shows a probability of 0.30 to achieve a value 3 million pesos and a probability of 0.70 to be valued at 200,000. Which of the two project is more viable? Note: Viability means to work successfully.

Direction: Read and answer the given problem. Show your complete solutions. 1. A financial analyst was asked to assess the viability of two projects. According to the estimate, Project A shows a probability of 0.40 to achieve a value of 2 million pesos and a probability of 0.60 to achieve a value 500,000 pesos. Project B shows a probability of 0.30 to achieve a value 3 million pesos and a probability of 0.70 to be valued at 200,000. Which of the two project is more viable? Note: Viability means to work successfully