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The expected monetary value using inside engineers to complete the design is (Enter your response as an integer.) The expected monetary value using an outside
The expected monetary value using inside engineers to complete the design is (Enter your response as an integer.) The expected monetary value using an outside engineering firm to complete the design is $ (Enter your response as an integer.) The expected monetary value of conducting a joint design is (Enter your response as an integer.) What is the best decision based on an expected monetary value criterion? Internal engineers Joint design External engineering firm Those estimates are shown in the following table: \begin{tabular}{lcccc} \multicolumn{5}{c}{ Probability of Completing the Design } \\ \hline Option & On Time & One Week Late & Two Weeks Late & Three Weeks Late \\ \hline Internal Engineers & 0.4 & 0.5 & 0.1 & \\ External Engineers & 0.2 & 0.4 & 0.3 & 0.1 \\ Joint Design & 0.1 & 0.3 & 0.4 & 0.2 \\ \hline \end{tabular} The expected monetary value using inside engineers to complete the design is $. (Enter your response as an integer.)
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