Mathematics, 05.05.2021 06:10 jaydenrenee111902
Samuel is an entrepreneur and is trying to decide if he should attempt to start small companies or large companies.
Small companies: He has the resources to attempt to start 444 small companies that will each have a 90\%90%90, percent chance of becoming successful. If all 444 small companies are successful, he will receive 101010 million dollars in profits; otherwise he will lose 333 million dollars in costs.
Large companies: He has the resources to attempt to start 222 large companies that will each have a 20\%20%20, percent chance of becoming successful. If both large companies are successful, he will receive 202020 million dollars in profits; otherwise he will lose 222 million dollars in costs.
What is the expected return from starting small companies? Round your answer to the nearest million dollars.
million dollars
What is the expected return from starting large companies? Round your answer to the nearest million dollars.
million dollars
In the future, Samuel raises enough money to repeat this process 555 times. If he wants to maximize his expected return, what should he do?
Answers: 3
Mathematics, 21.06.2019 18:50, umarhaley
The avenues in a particular city run north to south and are numbered consecutively with 1st avenue at the western border of the city. the streets in the city run east to west and are numbered consecutively with 1st street at the southern border of the city. for a festival, the city is not allowing cars to park in a rectangular region bordered by 5th avenue to the west. 9th avenue to the east, 4th street to the south, and 6th street to the north. if x is the avenue number and yis the street number, which of the following systems describes the region in which cars are not allowed to park? 5th ave 9th ave
Answers: 1
Samuel is an entrepreneur and is trying to decide if he should attempt to start small companies or l...
Mathematics, 05.05.2020 03:22
Mathematics, 05.05.2020 03:23
Mathematics, 05.05.2020 03:23
Mathematics, 05.05.2020 03:23
Mathematics, 05.05.2020 03:23
Mathematics, 05.05.2020 03:23
Advanced Placement (AP), 05.05.2020 03:23