Question
Smith and Sons have forecasted the following payoffs from a project: Outcome Probability of Outcome Assumptions $0 20% pessimistic $5,000 60% moderately successful $7,000 20%
Smith and Sons have forecasted the following payoffs from a project:
Outcome Probability of Outcome Assumptions
$0 20% pessimistic
$5,000 60% moderately successful
$7,000 20% optimistic
What is the expected value of the outcomes?
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
1119563097, 9781119563099
