All language subtitles for 08 - Challenge Calculate the expected value of a business scenario

(pleasant music)

- [Instructor] One of the tasks that we reviewed

in this chapter was determining expected value

for a project, given a range of scenarios.

In this movie, I wanted to introduce the problem

that I'll ask you to work through.

And then in the next movie,

I'll show you how I would solve it.

The idea is that you have four scenarios

with probabilities given in column B,

and the value assigned to that scenario

based on that particular outcome in column C.

Your job is to find the expected value

for each one of the scenarios,

and then the total expected value for the project.

And then make a judgment

on whether or not you would want to go forward.

So go ahead, give it a try.

And in the next movie, I will show you how I might solve it.