A Project Has the Following Projected Outcomes in Dollars: $250

question 86

Multiple Choice

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?

• A) $362.5
• B) $89.4
• C) $94.5
• D) $178.3

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Definitions:

Clear Message

Communication that is straightforward, easy to understand, and free of ambiguity.

Concrete Language

Specific, detailed, and clearly defined language that leaves little to no room for misinterpretation.

Costly Error

A mistake that results in significant financial loss or expense.

Form Follows Function

A principle in design and architecture where the shape of a building or object should primarily relate to its intended function or purpose.