A company is considering two business deals. Deal A has a probability of 0.70 of making $25,000, 0.20 of breaking even, and 0.10 of losing $10,000. Deal B has a probability of 0.60 of making $30,000, 0.20 of breaking even, and 0.20 of losing $5,000. Find the expected value of each to determine which appears to be more profitable.
What will be an ideal response?
Expected value of A
Expected value of B
, so B appears to be more profitable.
Mathematics
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A. Even B. Odd C. Neither
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; (0, 6)
A. y = 
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Mathematics