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(pleasant music)
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- [Instructor] One of the tasks that we reviewed
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in this chapter was determining expected value
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for a project, given a range of scenarios.
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In this movie, I wanted to introduce the problem
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that I'll ask you to work through.
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And then in the next movie,
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I'll show you how I would solve it.
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The idea is that you have four scenarios
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with probabilities given in column B,
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and the value assigned to that scenario
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based on that particular outcome in column C.
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Your job is to find the expected value
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for each one of the scenarios,
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and then the total expected value for the project.
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And then make a judgment
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on whether or not you would want to go forward.
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So go ahead, give it a try.
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And in the next movie, I will show you how I might solve it.
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