share the love. Dogfish Head Brown Honey Rum is a double-distilled, amber rum made with Delaware wildflower honey and aged on American oak chips. Dark and smooth, this rum has a subtle woody character from the oak aging and a touch of sweetness from the honey.
The basic level for excepted value is: Expected monetary value (EMV) = probability * impact. The expected value result can either be added to the costs of the project or subtracted from the projectâs profit. The project profit or cost is usually referred to as the baseline. The baseline is the initial approved cost or profit structure for the project.
Expected return. The expected return (or expected gain) refers to the value of a random variable one could expect if the process of finding the random variable could be repeated an infinite number of times. Formally, it gives the measure of the center of the distribution of the variable. It is calculated by using the following formula: