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cents In these situations expected value is calculated by multiplying the gain or loss for each possible outcome by its probability loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader042vdocumentsusreader042viewer20220305105ab98c6f7f8b9aa6018e07f5html5thumbnails3jpg width=140 height=200 adivdivdiv class=ts-pagebutton class=gotoPage data-page=4Page 4button div class=ts-imagea href=https:reader042vdocumentsusreader042viewer20220305105ab98c6f7f8b9aa6018e07f5html5page4jpg target=_blank img data-url=decisions-are-interpreted-in-terms-of-dollars-and-cents-in-these-situations-expectedhtmlpage=4 data-page=4 class=ts-thumb lazyload alt=Page 4: decisions are interpreted in terms of dollars and cents In these situations expected value is calculated by multiplying the gain or loss for each possible outcome by its probability loading=lazy 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