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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:
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
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Complex Variables and Applications
Authors: James Brown, Ruel Churchill
8th edition
73051942, 978-0073051949
