Mathematics, 18.01.2021 23:30 ishmaya43
A company is considering designing a new and better can opener. The company estimates the probability that the new can opener will be successful is LaTeX: \frac{5}{8}58. If it is successful, it would be able to make $200,000. Of course, the company would make nothing if it were unsuccessful. The development costs for the can opener are $76,000. What is the expected value?
Group of answer choices
-$49,000
$49,000
$125,000
$75,000
Answers: 2
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A company is considering designing a new and better can opener. The company estimates the probabilit...
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