Question: Expected Value (or Expected Monetary Value (EMV)) is a concept that is the basis for almost all risk calculations. Here's an example: You have the

Expected Value (or Expected Monetary Value (EMV)) is a concept that is the basis for almost all risk calculations. Here's an example: You have the possibility of working on two projects. Project A has a 10% chance of earning $1,000,000, a 30% chance of earning $500,000, and a 60% chance of losing $450,000. Project B has a 20% chance of earning $500,000 and an 80% chance of losing $100,000. What is the Expected Monetary Value of each?

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