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CAPM Practice: Demonstrate an understanding of common problem-solving tools and techniques
A project manager is using a decision tree to evaluate two options for resolving a technical problem. Option A costs $50,000 and has a 70% chance of success. Option B costs $30,000 and has a 90% chance of success. Based on expected monetary value, which option is better?
Key Concept
This question covers Demonstrate an understanding of common problem-solving tools and techniques under Demonstrate an understanding of common problem-solving tools and techniques (Project Management Fundamentals and Core Concepts).
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