Question: Consider a project with the following possible outcomes: Scenario Probability Possible outcome Boom 30% $1,244 Normal 45% $829 Bust 25% $221 What is the expected

Consider a project with the following possible outcomes: Scenario Probability Possible outcome Boom 30% $1,244 Normal 45% $829 Bust 25% $221 What is the expected value of this project?

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