The expected value method provides a means of reaching a decision based on expected costs and the probabilities of their occurrences. The fundamental form of the expected value equations are the following.
Pi = Probability of first event; fraction
P2 = Probability of second event; fraction.
Was this article helpful?
How would you like to save a ton of money and increase the value of your home by as much as thirty percent! If your homes landscape is designed properly it will be a source of enjoyment for your entire family, it will enhance your community and add to the resale value of your property. Landscape design involves much more than placing trees, shrubs and other plants on the property. It is an art which deals with conscious arrangement or organization of outdoor space for human satisfaction and enjoyment.