Suppose your organization is deciding which of four projects to bid on. Information on each is in
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Project Chance of Outcome Estimated Profits Project 1 50 percent 50 pervent $120,000 -850,000 Project 2 30 percent 40 percent 30 percent $100,000 8 50,000 -860,000 s 20,000 -8 5,000 Project 3 70 pereent 30 percent Project 4 30 pereent 30 percent 20 percent 20 percent 8 40,000 8 30,000 s 20,000 -$50,000
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