Representing Expected Benefit Quantitatively
It is sometimes convenient to represent expected benefit quantitatively. You do this by representing the value of a result and the probability of achieving that result by numbers. Dollars are often used for value: e. g. $10, $1000, and so on. The bigger the dollar number, the greater the value. Probability is typically represented by numbers less than 1: e. g., 0.9, 0.04, 0.61, and son on. The bigger the number, the greater the probability.