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.
10^6 can also be written as 10*10*10*10*10*10 which is equal to 1000000 (1 million)
Hope it helps :)
6.66666666667% you divide 120 by 18 that = 6.66666666667 and add a %
Answer:
<u>Sum</u><u> </u><u>of</u><u> </u><u>the</u><u> </u><u>G</u><u>.</u><u>P</u><u> </u><u>is</u><u> </u><u>-</u><u>3</u><u>2</u><u>8</u><u>0</u>
Step-by-step explanation:
Summation:
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