The expected value of a project is always the
A. median value of the project.
B. modal value of the project.
C. standard deviation of the project.
D. weighted average of the outcomes, with probabilities of the outcomes used as weights.
Answer:D
The expected value of a project is always the
A. median value of the project. B. modal value of the project. C. standard deviation of the project. D. weighted average of the outcomes, with probabilities of the outcomes used as weights.