1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
natima [27]
3 years ago
11

4. I want to open a bakery and I am considering locations at two different shopping centers. Use expected value to determine whi

ch location I should use.
Location 1: Location 2:
According to my consultant, if the bakery is successful, I can anticipate an annual profit of $300,000. If it’s not successful, I can anticipate an annual loss of $100,000. The probability of success of this location is 0.5.
According to my consultant, if the bakery is successful, I can anticipate an annual profit of $200,000. It it’s not successful, I can anticipate an annual loss of $60,000. The probability of success at this location is 0.75.
Mathematics
1 answer:
Semenov [28]3 years ago
6 0
For location 1:
Probability of success = 0.5
Probability of failure  = 1 - Probability of success = 0.5

Expected Value for Location 1 will be:
E(1)=0.5(300000)-0.5(100000)=$100000

For location 2:
Probability of success = 0.75
Probability of failure = 1 - 0.75 = 0.25
So, expected value for Location 2 will be:
E(2)=0.75(200000)-0.25(60000)=$135000

The expected value from Location 2 is larger than Location 1, so Location 2 must be used to open up a bakery.

You might be interested in
A fish tank has the shape of a rectangular prism. It has a length of 2 1/4 meters, width of 7/8 meters, and a height of 1 1/2 me
bazaltina [42]

volume = L x W X H

2 1/4 x 7/8 x 1 1/2 = 2 61/64 cubic meters

1 cubic meter = 1000 liters

2 61/64 = 2.953125

2.953125 * 1000 = 2,953.125 liters ( Round answer as needed )



please mark brainliest

3 0
3 years ago
Read 2 more answers
If pencils sell at 6 for 59 cents how many pencils can be bought for 2.95
Olegator [25]
We already know from the given data that 6 pencils can be bought for 59 cents. We have to determine the number of pencils that can be bought for $2.95.
So
Price of 6 pencils = 59 cents.
Price of 1 pencil = (59/6) cents
                           = 9.83 cents
Now total amount in hand for buying pencils = $2.95
                                                                       = 295 cents
Then the number of pencils that can be bought for 295 cents = (295/9.83)
                                                                                                   = 30.01
So the maximum number of pencils that can be bought for $2.95 is 30 pencils.
4 0
3 years ago
Read 2 more answers
Which is larger 0.076 or 0.08?
nata0808 [166]
0.08 is larger because it can also be written as 0.080, and 80 is larger than 76.
4 0
3 years ago
Read 2 more answers
Can so one explain please? So confused.
Fiesta28 [93]

Answer:

Step-by-step explanation:

The perimeter is the length of the outline of a shape. To find the perimeter of a rectangle, square or other you have to add the lengths of all the sides.

For example if it comes out to 90 then you round it to the nearest hundredth.

Hope it helps

3 0
3 years ago
I NEED HELP FAST
Over [174]
Y= 13 over 10x + 2 is the answer. The most important thing to remember when finding the slope of the line is RISE over RUN. When you rise, you go up or down. When you run, you go right or left. Think of RISE over RUN as a fraction.

You find two points on the line and you count up/down a certain amount of spaces, and right/left a certain amount of spaces to go from one point to the other point.

In this equation, we could use the point on the y-axis and the last point we see on the graph located at (10,15). You count up/down vertically first until you reach the horizontal line that the point is on. Then, you count the amount of spaces horizontally it takes you to reach the point. In this problem, you move up 13 spaces, and move to the right 10 spaces. This as a fraction will be 13 over 10, because we rose 13 spaces and we ran 10 spaces to get to our second point. The y-intercept will be the only number that is on the y-axis, which is 2.
7 0
4 years ago
Other questions:
  • Factor 9y 2 - 12y + 4.
    7·2 answers
  • Can the side lengths of 12, 15, and 13 form a triangle?<br> Yes<br> No
    12·2 answers
  • The equation y=10(1.0605)^x represents the winning prize money, in thousands, for first place in the Indianapolis 500 auto race.
    10·2 answers
  • Square Roots
    15·1 answer
  • What is the percent of increase for a population that changed from 25,000 to 30,000?
    11·2 answers
  • What is 15 divided by 1/5?
    10·2 answers
  • I'm bored. Someone talk to me :)
    7·2 answers
  • What is the answer I need help pls
    11·1 answer
  • Raj reads 7\12 of his book before dinner and another 2\12 of his book after dinner
    5·1 answer
  • Sales Hester sells televisions. She earns a fixed amount for each television and an additional $20 if the buyer gets an extended
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!