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Which of the following statements are false about Expected Monetary Value Analysis (EMV).

Which of the following statements are false about Expected Monetary Value Analysis (EMV).

PrepAway - Latest Free Exam Questions & Answers

A.
EMV is a statistical concept that calculates the average outcome of project outcomes based on various assumptions and scenarios.

B.
Decision tree analysis is a type of EMV analysis.

C.
EMV is a tool/technique of Perform Qualitative Risk Analysis.

D.
EMV is calculated by multiplying the value of each possible outcome by its probability of occurrence, and summing them together.


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