subject
Mathematics, 06.05.2020 08:25 niya11057

Bob, the proprietor of Midway Lumber, bases his projections for the annual revenues of the company on the performance of the housing market. He rates the performance of the market as very strong, strong, normal, weak, or very weak. For the next year, Bob estimates that the probabilities for these outcomes are 0.19, 0.23, 0.37, 0.05, and 0.16, respectively. He also thinks that the revenues corresponding to these outcomes are $20, $18.9, $16.3, $18, and $12 million, respectively. What is Bob's expected revenue for next year? (Round your answer to two decimal places.)

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 19:30
Find the area of the unshaded square
Answers: 1
question
Mathematics, 21.06.2019 21:20
Amajor grocery store chain is trying to cut down on waste. currently, they get peaches from two different distributors, whole fruits and green grocer. out of a two large shipments, the manager randomly selects items from both suppliers and counts the number of items that are not sell-able due to bruising, disease or other problems. she then makes a confidence interval. is there a significant difference in the quality of the peaches between the two distributors? 95% ci for pw-pg: (0.064, 0.156)
Answers: 3
question
Mathematics, 21.06.2019 22:00
Harry and jay are both flying on the same plane with an airline that randomly assigns seats to passengers. of the 182 total seats on the plane, 62 are window seats, 58 are middle seats, and the rest are aisle seats. what is the approximate probability that both harry and jay will be assigned aisle seats on the same plane? a. 11.48% b. 3.3% c. 2.08% d. 26.26%
Answers: 3
question
Mathematics, 22.06.2019 00:00
When a 757 passenger jet begins its descent to the ronald reagan national airport in washington, d.c., it is 3900 feet from the ground. its angle of descent is 6 degrees. how far must the plane fly to reach the run way? a. 37,106 ft b. 37,310.4 ft c. 23,456.6 ft d 2,492.7 ft
Answers: 2
You know the right answer?
Bob, the proprietor of Midway Lumber, bases his projections for the annual revenues of the company o...
Questions
question
Mathematics, 19.11.2020 19:10
question
Mathematics, 19.11.2020 19:10