Take a look at this table of risks. 1. Calculate the EMV for each of these three
Question:
Take a look at this table of risks.
1. Calculate the EMV for each of these three risks.
2. If these are the only risks on the project, calculate the total EMV.
3. The latest weather report came out, and there is now a 20% chance of unseasonably warm weather. What’s the new EMV for the project?
4. Now the cost of replacement rations goes up to $150. What’s the new EMV for the project?
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