Question: completing the project within various time frames when using each of the three options. Those estimates are shown in the following table: table [
completing the project within various time frames when using each of the three options. Those estimates are shown in the following table:
tableProbability of Completing the DesignOptionOn Time,One Week Late,Two Weeks Late,Three Weeks LateInternal Engineers,External Engineers,Joint Design,
The expected monetary value using inside engineers to complete the design is $ Enter your response as an integer.
The expected monetary value using an outside engineering firm to complete the design is Enter your response as an integer.
The expected monetary value of conducting a joint design is $ Enter your response as an integer.
What is the best decision based on an expected monetary value criterion?
Internal engineers
Joint design
External engineering firm
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