Question: C) You are planning to implement a change in your project. There is a 72% chance that it will help your organization to save 120,000

C) You are planning to implement a change in your project. There is a 72% chance that it will help your organization to save 120,000 USD. However, there is a 28% chance of losing 61,000 USD. Calculate the contingency reserve required for this project.

D) Based on the below figure, calculate the Expected Monetary Value (EMV) of Choice B.

C) You are planning to implement a change in your project. There

30% - $100 - $500 Choice 40% 7 - $200 Decision Choice B Choice - $400 - $150 35% -$350

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