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In: Statistics and Probability

A potentially huge hurricane is forming in the Caribbean, and there is some chance that it...

A potentially huge hurricane is forming in the Caribbean, and there is some chance that it might make a direct hit on Hilton Head Island, South Carolina, where you are in charge of emergency preparedness. You have made plans for evacuating everyone from the island, but duh n evacuation is obviously costly and upsetting for all involved, so the decision to evacuate shouldn’t be made lightly. Discuss how you make such a decision. Is EMV a relevant concept in this situation? How would you evaluate the consequences of uncertain outcomes? Please answer the question completely.

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orchestra answered 1 year ago
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