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Revise the expected value calculation for the following information: After the strategies are discretized, the retrofit strategy uniform distribution from 0 to 15 million becomes
Revise the expected value calculation for the following information: After the strategies are discretized, the retrofit strategy uniform distribution from 0 to 15 million becomes 7.5 million, the relocate strategy stays the same at 40 million, and the doing nothing strategy uniform distribution from 20 to 60 million becomes 39.25 million. For the retrofit strategy there is 10 million dollar cost to retrofit and a 25% chance for an earthquake causing the 7.5 million in damages and a 75% chance that there is no earthquake and there is no damage. For the relocate strategy there is a 100% chance of paying 40 million to relocate. For the doing nothing strategy there is a 25% chance for an earthquake causing 39.25 million in damages and a 75% chance that there is no earthquake and there is no damage
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