Based on the project's probabilities and the weight of the outcomes, the expected value of these outcome is $362.50
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
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