Search the Internet and find practical examples to demonstrate how expected value can be used for decision

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Search the Internet and find practical examples to demonstrate how expected value can be used for decision making. Identify the following components of the equation: oi - possible decision outcomes p(oi) - probability of each outcome v(oi) - value of each outcome EV - the expected value

Posted Date: May 17, 2024 08:05 PM

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Search the Internet and find practical examples to demonstrate how expected value can be used for decision

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