Find the expected value.A commercial building contractor is trying to decide which of two projects to commit her company to. Project A will yield a profit of $50,000 with a probability of 0.6, a profit of $84,000 with a probability of 0.3, and a profit of $10,000 with a probability of 0.1.Project B will yield a profit of $100,000 with a probability of 0.1, a profit of $66,000 with a probability of 0.7, and a loss of $20,000 with a probability of 0.2.Find the expected profit for each project. Based on expected values, which project should the contractor choose?
A. Project A:$56,200
Project B: $52,200
Contractor should choose project A
B. Project A: $47,200
Project B: $52,200
Contractor should choose project B
C. Project A: $56,200
Project B: $60,200
Contractor should choose project B
D. Project A: $48,000
Project B: $48,666
Contractor should choose project A
Answer: A
Mathematics
You might also like to view...
Change 0.44 to a percent.
A. 0.0044% B. 0.044% C. 4.4% D. 44% E. none of these
Mathematics
Refer to right triangle ABC with 
.
?
?
If 
and 
cm, find b.
?
Apply the rules regarding the use of significant digits when determining your answer.
?
__________ cm
Fill in the blank(s) with the appropriate word(s).
Mathematics
Evaluate.-105
A. -10,000 B. 10,000 C. -100,000 D. 100,000
Mathematics
Find 10111 2 + 1011 2.
What will be an ideal response?
Mathematics