5. Youre managing a construction project. Theres a 30% chance that weather will cause a three-day delay,
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5. You’re managing a construction project. There’s a 30% chance that weather will cause a three-day delay, costing $12,000. There’s also a 20% chance that the price of your building materials will drop, which will save $5,000. What’s the total EMV for both of these?
–$3,600
$1,000
–$2,600
$4,600
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