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Buchanan Corp. forecasts the following payoffs from a project: Probability Outcome of Outcome Assumptions $1,200 15% pessimistic 9 3,400 50% moderately successful 6,400 35%

Buchanan Corp. forecasts the following payoffs from a project: Probability Outcome of Outcome Assumptions $1,200 15% pessimistic 9 3,400 50% moderately successful 6,400 35% optimistic What is the expected value of the outcomes? Multiple Choice $4,370 $4,120 $3,400 $3,667

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