subject
Mathematics, 15.07.2019 02:00 jdodger5165

Amanufacturer plans on building a better mousetrap. there is a 60% chance the mouse trap will produce a profit of $200,000 for the company, a 20% chance of a $100,000 profit, and a 20% chance the company will lose $200,000. based on this information, should the company build the mousetrap? a) the expected value is $70,000, so the company should build the mousetrap. b) the expected value is $85,000, so the company should build the mousetrap. c) the expected value is $100,000, so the company should build the mousetrap. d) the expected value is -$70,000, so the company should not build the mousetrap.

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 13:30
Which function is represented by the graph
Answers: 2
question
Mathematics, 21.06.2019 19:30
Evaluate the expression. (9 + 5)(3 + 2)0
Answers: 1
question
Mathematics, 21.06.2019 22:10
Which number line correctly shows 0.8 + 0.3?
Answers: 1
question
Mathematics, 22.06.2019 01:00
The answer is 7.2 how would you put this as money
Answers: 2
You know the right answer?
Amanufacturer plans on building a better mousetrap. there is a 60% chance the mouse trap will produc...
Questions
question
English, 10.12.2020 16:30