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In a project the team has identified three risks with probabilities of 25%, 40%, and 35%.

In a project the team has identified three risks with probabilities of 25%, 40%, and 35%. If the first two risks occur, they will cost the project 3,000 USD and 7,000 USD; however, if the third risk occurs it will give benefit of 9,000 USD.

What is the expected monetary value of these risk events?

Nov 07 2017 Read more Less More

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