Jones has lost an asset, the expected value
of which is $100, and if the government takes that investment, it has injured Jones.
Similar to the UP lottery, the effects of changes in P* on individual expected values
will depend upon the elasticity of entry.
This decision reflects the "risk-neutral" nature of using expected values
, in that the technique weighs up the balance of the probabilities.
Therefore, if the task force multiplies the NPV for high functionality and high interoperability and the probability for high functionality and high interoperability, the expected value
, or in this case, probability adjusted financial impact, can be determined.
Setting expected values
takes time and effort and some knowledge of statistics.
Probabilistic models can also he applied if a more in-depth analysis of liabilities and potential variations from expected values
1 Assumptions About the Relationship Between the Laboratory Expected Values
and the Value of the Measurand
However, most papers on warranty cost estimation concentrate on the expected value
of the warranty cost under a warranty period in which the failed products are repaired free or with partial charge.
An even stronger result is available if one assumes that the expected value
of producer's surplus net of cost of entry is zero in every industry due to entry by new firms.
031 in ten trials, so closely approximate the theoretical expected values
Several assumptions are made to convert m, a, and b into estimates of the expected value
and variance of the elapsed time required by the activity.
Adopts a broad perspective on risk, with focus on predictions and highlighting uncertainties beyond expected values
and probabilities, allowing a more flexible approach than traditional statistical analysis.