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What is the expected value of the project budget

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Reference no: EM132825269

Problem 1: A project budget shows the opportunity to incur a loss of $200k or earn a profit of $750k. The probability if the loss is 30%. What's the expected value of the project budget

A. $465K
B. $(200K)
C. $550K
D. $690K

Reference no: EM132825269

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