Question: Can you help me better understand this problem and solution I dont understand the symbols EMV (Sectioning ) = P(Success) * Profit = 1 *
Can you help me better understand this problem and solution I dont understand the symbols EMV (Sectioning ) = P(Success) * Profit = 1 * $0.2 Mn = $ 0.2 Mn EMV ( Improvement) = \sum (P(Success) * Profit) = (0.9 *0.75 *2.74 )+ (0.1 * {-0.1}) +( 0.9 * 0.25 * {-1.66}) = $ 1.8495 Mn + ( - .01) + (-0.3735 Mn)
= $ 1.466 Mn
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