Question: A company is trying to determine if prototyping is worthwhile on a project. They have come up with the following impacts; (see below ).

A company is trying to determine if prototyping is worthwhile on a project. They have come up with the

A company is trying to determine if prototyping is worthwhile on a project. They have come up with the following impacts; (see below ). Based on the information provided, what is the expected monetary value of each opti Which is the cheaper option? Do the calculations and write the answer clearly. Option 1: Do Prototype Cost: JOD 200,000 Failure probability 35%, and impact JOD 120,000 Pass: No impact. Option 2: Do not prototype Cost: JOD O Failure probability 70%, and impact JOD 450,000 Pass: No impact.

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