Which of the following statements are FALSE regarding expected monetary value analysis (EMV)?
A. Decision tree analysis is a type of EMV analysis
B. EMV is technique for measuring the performance of work and used to establish the performance measurement baseline
C. EMV is calculated by multiplying the value of each possible outcome by its probability of occurrence, and summing them together
D. EMV is a statistical concept that calculates the average outcome of project outcomes based on various assumptions and scenarios EMV is a tool/ technique of Qualitative Risk Analysis
E.
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