AACE DRMP Practice Questions - AACE Decision And Risk Management Professional Exam

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Consider a decision tree with two options. Option A: invest $100k now; 70% probability the project succeeds yielding $300k revenue, 30% it fails yielding $0. Option B: do nothing, $0 cost, $0 revenue. The EMV of Option A is:

$$110,000 $$200,000 $$210,000 $$300,000

Correct Answer:

$$110,000

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