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If a task has a 60% chance of a $100,000 profit, and a 40% chance of a $100,000 loss, the expected monetary value of the task is?
$100,000 profit
$60,000 loss
$40,000 loss
$20,000 profit
EMV=Probability x affect .6 x $100,000=$60,000 Ä .4 x ($100,000)=($40,000) Ä $60,000-$40,000=$20,000 profit.
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