Question: John works as a project manager for uCertify Inc. He has identified two risks with a 25% and 35 % chance of occurring. If both

John works as a project manager for uCertify Inc. He has identified two risks with a 25% and 35 % chance of occurring. If both of these risks occur, they will cost you $2,000 and $3,000, respectively.

What is the expected monetary value of these risk events?

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