Question: During risk management planning, your team has identified three risks with probabilities of 10%, 40% and 25%. If the first two risk occur, they will

During risk management planning, your team has

During risk management planning, your team has identified three risks with probabilities of 10%, 40% and 25%. If the first two risk occur, they will cost you 3,000TL and 10,000 TL, respectively. However, the third risk will give you 15,000 TL, if it occurs. Using expected monetary value (EMV), how much TL is required to manage all the risks? EMV = Probability x Impact

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