PMP RITA
Yale University
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PMP-RMC EMV Questions and answers.
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(1) Question ID: 1026
If a project has a 60 percent chance of a US $100,000 profit and a 40 percent chance of a US $100,000 loss, the expected monetary value (EMV) for the project is:
A. $20,000 profit
B. $60,000 loss
C. $40,000 loss
D. $100,000 profit
The correct answer is A.
Expected monetary value is calculated by EMV = probability × impact. We need to calculate both positive and negative values and then add them.
0.6 × $100,000 = $60,000
0.4 × ($100,000) = ($40,000)
Expected...
Exam (elaborations)
PMP-RMC EMV Questions and answers.
Last document update:
ago
(1) Question ID: 1026 If a project has a 60 percent chance of a US $100,000 profit and a 40 percent chance of a US $100,000 loss, the expected monetary value (EMV) for the project is: A. $20,000 profit B. $60,000 loss C. $40,000 loss D. $100,000 profit The correct answer is A. Expected monetary value is calculated by EMV = probability × impact. We need to calculate both positive and negative values and then add them. 0.6 × $100,000 = $60,000 0.4 × ($100,000) = ($40,000) Expected...
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