contestada

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?

Respuesta :

Parrain

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

#SPJ4