Statistics, Probability, Data Analytics, Decision Making, Knowledgebase Analytics.
2️⃣Government announces incentives, and market demand doesn’t surge. EV2​=P(A)×P(¬B∣A)×Loss from low demand EV2​=0.6×0.1×−$500,000 = −$30,000 3️⃣Government doesn’t announce incentives, and market demand surges. EV3​=P(¬A)×P(B∣¬A)×Gain from high demand EV3​=0.4×0.7×$2,000,000 = $560,000