Buchanan Corporation forecasts the following payoffs from a project. Outcome $ 900 $ 2,200 $ 5,600 What is the expected value of the outcomes? Multiple Choice $3,025 $3,275 O $2,900 Probability of Outcome 15% 55% 30% $2,200 Assumptions pessimistic moderately successful optimistic

Buchanan Corporation forecasts the following payoffs from a project. What is the expected value of the outcomes? Multiple Choice $3,025 $3,275 $2,900 $2,200