Question
Claxton Beverages is considering a project and its analysts have projected the following outcomes and their probabilities. What is the expected value of the outcomes?
Claxton Beverages is considering a project and its analysts have projected the following outcomes and their probabilities. 
What is the expected value of the outcomes?
Select one:
A.$8,633
B.$8,265
C.$3,375
D.Cannot be determined. Depends upon which prediction is correct.
Outcome$4,600$7.800$13,500ProbabilityofOutcome30%45%25%AssumptionspessimisticmoderatelysuccessfuloptimisticStep by Step Solution
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Finance Your Business Secure Funding To Start Run And Grow Your Business
Authors: The Staff Of Entrepreneur Media
1st Edition
1599185970, 978-1599185972
