Statistics, Probability, Data Analytics, Decision Making, Knowledgebase Analytics.
4️⃣Government doesn’t announce incentives, and market demand doesn’t surge. EV4​=P(¬A)×P(¬B∣¬A)×Loss from low demand EV4 ​= 0.4×0.3×−$500,000 = −$60,000 To find the total Expected Value (EV) for the ‘Launch’ path, we sum these up: EV Total​ = EV1 ​+ EV2 ​+ EV3 ​+ EV4​ = $1,550,000 Based on this