Answer:
C) The expected value is -$2000, so the detective should not take the job.
Step-by-step explanation:
The expected value is the sum of products of income and probability:
E = -10,000·1.00 + 80,000·0.10 = -10,000 +8,000 = -2,000
The detective can be expected to lose money on the job, so should not take it.
30kx-6kx=8
24kx=8
x=8/(24k)
x=1/(3k)
so the answer should actually be D
Answer:
hello.. please follow me first if you want me to answer your question.
