Expected Monetary Value (Correct it)
Quiz
•
Professional Development
•
4th Grade
•
Practice Problem
•
Medium
Afghanistan Center
Used 1+ times
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a construction project in Herat, there are multiple risks of delays due to weather conditions and supply chain disruptions. The probability of adverse weather is 30% with a potential impact of $50,000, and the probability of supply chain issues is 20% with a potential impact of $70,000. What is the combined expected monetary value (EMV) of these risks?
$16,000
$24,000
$26,000
$35,000
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a project to upgrade IT infrastructure in Kabul, there is a positive risk of receiving a government grant with a 40% probability, and the grant amount is $80,000. There is also a negative risk of a cyber-attack with a 10% probability and a potential impact of $100,000. What is the net expected monetary value (EMV) for these risks?
$12,000
$22,000
$24,000
$28,000
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a project to build new agricultural facilities in Balkh, the project manager has identified four risks with the following EMVs: Risk 1: $10,000 with 50% probability, Risk 2: $15,000 with 40% probability, Risk 3: $5,000 with 60% probability, and Risk 4: $20,000 with 30% probability. What is the total contingency reserve for these risks?
$20,000
$25,000
$22,500
$24,500
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
During a health project in Kandahar, there are three identified risks. The first risk has a 25% probability of occurring with a $40,000 impact, the second risk has a 15% probability of occurring with a $30,000 impact, and the third risk has a 10% probability of occurring with a $50,000 impact. What is the combined EMV for these risks?
$10,000
$12,500
$16,500
$17,000
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a project to improve transportation infrastructure in Kunar, there are two positive risks and two negative risks with the following details: Positive Risk 1: 50% probability and $60,000 impact, Positive Risk 2: 30% probability and $40,000 impact, Negative Risk 1: 20% probability and $50,000 impact, Negative Risk 2: 10% probability and $30,000 impact. What is the overall EMV for the project?
$30,000
$22,000
$27,000
$25,000
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