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Chuck Norris has been hired to oversee all of the plans that the city of Denver has created to expand its train transportation system by adding six more lines to the metro area.Chuck will be responsible for planning the project, managing the processes, and finalizing each new line as it is completed.How would you categorize the majority of the decisions Chuck will have to make to complete his job?
Probabilities
The quantification of how probable an event is to happen, represented by a numerical value ranging from 0 to 1.
Expected Value
A calculation used in statistics and probability to determine the average outcome when the future includes scenarios that may or may not happen.
Values
Fundamental beliefs or guiding principles that influence the behaviors and decision-making processes of individuals or organizations.
Cost to Play
The initial investment or expense required to participate in an activity, venture, or market.
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