A+project+has+the+following+projected+outcomes+in+dollars:+$250,+$350,+and+$500.+the+probabilities+of+their+outcomes+are+25%,+50%,

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A+project+has+the+following+projected+outcomes+in+dollars:+$250,+$350,+and+$500.+the+probabilities+of+their+outcomes+are+25%,+50%,+and+25%,+respectively.+what+is+the+expected+value+of+these+outcomes?

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Sigridomena 2 weeks 2022-12-24T16:31:18+00:00 1 Answer 0 views 0

Answer ( 1 )

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    2022-12-24T16:32:21+00:00
    Based on the project’s probabilities and the weight of the outcomes, the expected value of these outcome is $362.50

    What is the expected value?

    The expected value of the given outcomes can be found as:
    = ∑(Weight x Outcome)
    Solving gives:
    = (250 x 25%) + (350 x 50%) + (25% x 500)
    = 62.5 + 175 + 125
    = $362.50
    Find out more on expected value at https://brainly.com/question/14723169
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