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
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Acommercial building contractor is trying to decide which of two projects to commit her company to....
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