Mathematics, 27.09.2021 23:40 alexishenning
Suppose a bounty hunter captures a certain type of fugitive 62% of the time. On average the apprehension Of this type of criminal costs him $9,000 in expenses, but if he captures the criminal he receives a bounty(monetary reward) of $50,000.
Based on this information should the bounty hunter take the job?
A. The expected value Is $22,000 so the bounty hunter should take the job
B. The expected value is $22,000 so the bounty Hunter should not take the job.
C. The expected value is -$27,580, so the bounty hunter should not take the job.
D. The expected value is $27,580, so the bounty hunter should take the job.
Answers: 2
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Suppose a bounty hunter captures a certain type of fugitive 62% of the time. On average the apprehen...
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