subject
Mathematics, 07.08.2019 05:20 hallmansean04

Acommercial building contractor is trying to decide which of two projects to commit her company to. project a will yield a profit of $50,000 with a probability of 0.6, a profit of $80,000 with a probability of 0.3, and a profit of $10,000 with a probability of 0.1. project b will yield a profit of $100,000 with a probability of 0.1, a profit of $64,000 with a probability of 0.7, and a loss of $20,000 with a probability of 0.2. find the expected profit for each project. based on expected values, which project should the contractor choose? oa. o b. project a: $46,666 project a: $55,000 project b: $50,800 contractor should choose project a project b: $48,000 contractor should choose project a o c. project a: $55,000 o d. project a: $46,000 project b: $58,800 contractor should choose project b project b: $50,800 contractor should choose project b

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 12:50
2-digit numbers less than 91 which are 1 less than a multiple of 10
Answers: 1
question
Mathematics, 21.06.2019 13:20
Mr. walker gave his class the function f(x) = (x + 3)(x + 5). four students made a claim about the function. each student’s claim is below. jeremiah: the y-intercept is at (15, 0). lindsay: the x-intercepts are at (–3, 0) and (5, 0). stephen: the vertex is at (–4, –1). alexis: the midpoint between the x-intercepts is at (4, 0). which student’s claim about the function is correct?
Answers: 2
question
Mathematics, 21.06.2019 17:00
Asocial networking site currently has 400,000 active members, and that figure is predicted to increase by 32% each year. the following expression represents the number of active members on the site after t years.
Answers: 1
question
Mathematics, 22.06.2019 01:00
(05.02) mr. morris is going to save money and replace his sailboat's mainsail himself. he must determine the area of the mainsail in order to buy the correct amount of material. calculate the area of the parallelogram to determine how much material should be purchased. be sure to explain how to decompose this shape into rectangles and triangles. describe their dimensions and show your work.
Answers: 1
You know the right answer?
Acommercial building contractor is trying to decide which of two projects to commit her company to....
Questions
question
Chemistry, 18.12.2020 19:00
question
Health, 18.12.2020 19:10
question
Physics, 18.12.2020 19:10
question
Mathematics, 18.12.2020 19:10
question
Mathematics, 18.12.2020 19:10
question
Mathematics, 18.12.2020 19:10
question
Mathematics, 18.12.2020 19:10
question
Mathematics, 18.12.2020 19:10
question
Arts, 18.12.2020 19:10