A project Manager needs to take a flight to visit a client. He has choice of Airline A OR Airline B. Airline A - fare is $1000 and 65% of ON TIME and $0.  35% of Late with $1000.

Airline B - fare is $5000 with 95% of ontime and $0. with 5% of late impact is $1000.

Ans:

A) Airline A with an EMV of $650

B) Airline A with an EMV of $4950

c) Airline B with an EMV of $1350 and

d) Airline B with an EMV of $4950

When I calculate the above problem,

Airline A = $1000 +65%of $0 +35% of (-1000) = $1000 -$350 = $650