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A project has the following risks. 40% chance of schedule delay costing $3,000 20% chance of success of a new methodology saving $4,000 a 50%
A project has the following risks.
- 40% chance of schedule delay costing $3,000
- 20% chance of success of a new methodology saving $4,000
- a 50% chance of a legal obligation which costs $3,000
- a 50% chance of unexpected savings of $10,000
What is the expected monetary value of this project?
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