Mr. de Jesus, the manager of SVC company has to decide whether to accept the bid or not. If he accepts the bid, the company may gain P2.5 million if it succeeds or lose P1.5 million if it fails. The probability that it will succeed is 40%. Find the EV if he accepts the bid.

Answer rating: 100% (QA)

The EV of accepting the bid is EV Pro b ... View the full answer