# What is the expected value of the outcomes?

Buchanan Corp. forecasts the following payoff from a project:Outcome Probability of Outcome Assumptions$1,000 50% Pessimistic$3,000 60% Moderately successful$6,000 50% OptimisticWhat is the expected value of the outcomes?a) $3,000b) $3,333d) The forecast is incorrect and must be modified before find