12)
Solve the problem.
12) A commercial building contractor is trying to decide which o...
Mathematics, 22.07.2020 17:01 clairee002
12)
Solve the problem.
12) A commercial building contractor is trying to decide which of two
projects to commit her company to.
Project A: a profil of $50,000 with a probability of 0.6, a profit of $90,000
with a probability of 0.3, and a profit of $10,000 with a probability of 0.1.
Project B: a profit of $100,000 with a probability of 0.1, a profit of $64,000
with a probability of 0.7, and a loss of $20,000 with a probability of 0.2.
Find answer lines 1 & 2)the expected profit for each & (answer line 3
which project should be selected.
Answers: 2
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