Answer:
Project A: $55,000 Project B: $50,800 Contractor should choose project A
Step-by-step explanation:
The expected value of the project is the sum of products of profit and its probability:
In thousands, ...
A: (50×0.6) +(80×0.3) +(10×0.1) = 30 +24 +1 = 55 . . . thousand
B: (100×0.1) +(64×0.7) +(-20×0.2) = 10 +44.8 -4 = 50.8 . . . thousand
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The contractor should choose Project A based on the expected value of profit.
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Answer:
x = 1
Step-by-step explanation:
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This expression cannot be simplified, as you cannot add or subtract variables raised to different exponents.
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