Question

1. which formula represents the calculation of an expected value?

a. ev = probability - impact
b. ev = probability + impact
c. ev = probability / impact
d. ev = probability of outcome × impact of outcome

Explanation:

The expected value (EV) is calculated by multiplying the probability of an outcome by the impact of that outcome. This is a fundamental concept in probability and statistics. Options a, b, and c do not represent the correct formula for expected value.

Answer:

d. EV = Probability of Outcome × Impact of Outcome