Aresort hotel has $20,000,000 to invest it its next location. there are three potential sites for the expansion. the cost to build the facility in any of the locations is $20,000,000. which location should be selected?
a. location a: probability / outcome .50 / 20% .30 / 9% .20 / -10%
b. location b: probability / outcome .40/ 19% .32 / 7.5% .28 / -11%
c. location c: probability / outcome .45 / 22% .50 / 6% .05 / -15%

Location C should be selected.

Step-by-step explanation:

Consider the provided information,

We need to determine which location should be selected.

We need to select the location with highest outcome

Location A) Probability / Outcome .50 / 20% .30 / 9% .20 / -10%

Outcomes =

Outcomes =

Outcomes =

Location B) Probability / Outcome .40/ 19% .32 / 7.5% .28 / -11%

Outcomes =

Outcomes =

Outcomes =

Location C: Probability / Outcome .45 / 22% .50 / 6% .05 / -15%

Outcomes =

Outcomes =

Outcomes =

Hence, location C has highest outcomes among all the locations. So Location C should be selected.

1. 22

2. 1

3. 7

4. 18

step-by-step explanation

e2020 got it right

1. sometimes

2.   never

3   .08c = 7.50+.05c   250 pages

step-by-step explanation:

1.   sometimes

the theoretical probability of rolling a 1 is 1/6.   perhaps you got really lucky and never rolled a 1   in those 60 times.   your experimental probability is 0.   or perhaps you rolled a 1   20 times.   your experimental probability is 20/60 is 1/3.     it really just depends on how you rolled in that experiment.

2.   never

the probability of the event occurring is 1.   that is being 100 % sure it will happen.   that is the maximum amount of confidence we have.

3.   no customer card cost:   .08 times number of pages

customer card cost:   7.50 + .05 times number of pages

we want to find when it costs the same amount, so we will set these equal

let c = number of pages

.08c = 7.50+.05c

subtract .05c from each side

.08c-.05c = 7.5+.05c-.05c

.03c=7.5

divide each side by .03

.03c/.03 = 7.5/03

c =250  

the cost is the same at 250 pages