QUESTIONS 1. Quantitative risk analysis attempts to numerically assess the probability and impact of the identified risks. a) Roy Lee Construction operates a chain of four (4) companies in Kedah. It is looking at two (2) options to increase revenues across the chain. The estimate impact of the option on sales (their probabilities) is shown Table Q1 below as is the associated costs of each option. Determine the highest Expected monetary value (EVM) using Decision trees analysis. Table Q1 States of Nature Good Economic Conditions (RM) Poor Economic Conditions (RM) Decision (Purchase) Probabilities = 0.60 Probabilities = 0.40 Apartment building 50,000 30,000 Office building 100,000 -40,000 Warehouse 30,000 10,000