Expected Monetary Value Formula |
| \( EMV \;=\; P \cdot I \) |
| Symbol |
| \( EMV \) = expected monetary value |
| \( I \) = impact (the amount you will spend if a given identified risk occurs) |
| \( P \) = probability (the liklihood that any event will occur) |
Expected monetary value, abbreviated as EMV, is a tool used to predict how much money will be made by making a specific decision.
