this a statistics question!!!! I am lookin for the monetary value!!!! For box a is $100,000 box b is -$55,000 box c is 0 and box d is 0 p1 = 75%p2 = 25% questions are 1. what EMV ( expected monetary value) amount do you come up with ? And what is your EMV decision ? In other words, do you build, or not?
this a statistics question!!!! I am lookin for the monetary value!!!!
For box a is $100,000
box b is -$55,000
box c is 0
and box d is 0
p1 = 75%
p2 = 25%
questions are
1. what EMV ( expected monetary value) amount do you come up with ? And what is your EMV decision ? In other words, do you build, or not?
Expert Answer
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