Mathematics, 17.02.2021 16:50 PeachyPeaches1489
A company is considering designing a new and better remote control. The company estimates the probability that the new remote will be successful is 3/5 . If it is successful, it would be able to make $175,000. Of course, the company would make nothing if it were unsuccessful. The development costs for the remote control are $95,000. What is the expected value?
A. -$10,000
B. $70,000
C. $105,000
D. $10,000
Answers: 2
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A company is considering designing a new and better remote control. The company estimates the probab...
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