Answer:
Expected return for site A = $9.6 million
Expected return for site B = $12.4 million
according to the above results the company should choose SITE B because it has higher Expected return
Step-by-step explanation:
Given;
For site A,
Site A net if successful = $30 million
Success probability = 0.4
Site A loss if not successful= -$4 million
Probability of not successful = 0.6
For site B.
Site B net if successful = $60 million
Success probability = 0.3
Site B loss if not successful= -$8 million
Probability of not successful = 0.7
To estimate the expected return on an event with outcomes X1 and X2 with probabilities p1 and p2
E = X1(p1) + X2(p2)
Substituting for site A
E = 30(0.4) - 4(0.6)
E = $9.6 million
Substituting for site B
E = 60(0.3) - 8(0.7)
E = $12.4 million
Therefore, according to the above results the company should choose site B because it has higher Expected return
Answer:
6
Step-by-step explanation: I used a calculator ahaha.
To figure this out, you should think about the multiples of 10 boxes you could have.
If I had 10 small boxes, there would need to be 86 large boxes. 86 is not evenly divisible by 8 so that doesn't work.
If I had 20 small boxes, there would be 76 large boxes. 76 is not evenly divisible by 8.
If I had 30 small boxes, there would be 66 large boxes. 66 is not evenly divisible by 8.
If I had 40 small boxes, there would be 56 large boxes. 56 is every divisible by 8.
4 cartons of 10 small boxes and 7 cartons of 8 large boxes would be needed. This is a total of 11 cartons.
Answer:
multiply the numbers at the top
I hope this helps. X=17 and y=5
