Question

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

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

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 - related calculations for determining the expected value of an event.

Answer:

C. EV = Probability of Outcome × Impact of Outcome