7. Scoping has identified four uses of land with reasonable probabilities of coming to fruition. For each of the four uses, have completed analyses based on you optimistic, pessimistic, and most likely scenarios, and have assigned probabilities to each. Based on your results shown below, what is the expected price of the site? What is the most probable price? Overall Probability (%) Value Distribution of Overall Probability (000s) Use $110 $120 $130 $140 $150 A 10 3% 5% 2% | 10 1 C 20 2 3 60 20 15 15 10 47
7. Scoping has identified four uses of land with reasonable probabilities of coming to fruition. For each of the four uses, have completed analyses based on you optimistic, pessimistic, and most likely scenarios, and have assigned probabilities to each. Based on your results shown below, what is the expected price of the site? What is the most probable price? Overall Probability (%) Value Distribution of Overall Probability (000s) Use $110 $120 $130 $140 $150 A 10 3% 5% 2% | 10 1 C 20 2 3 60 20 15 15 10 47
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Transcribed Image Text:7. Scoping has identified four uses of land
with reasonable probabilities of coming
to fruition. For each of the four uses,
you have completed analyses based on
optimistic, pessimistic, and most likely
scenarios, and have assigned probabilities
to each. Based on your results shown
below, what is the expected price of the
site? What is the most probable price?
Value Distribution
of Overall Probability
(000s)
Overall
Probability
Use
(%)
$110 $120 $130 $140 $150
10
3%
5%
2%
B
10
3
1
C
20
8.
D
60
20
15
15
10
4-
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