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kykrilka [37]
3 years ago
14

Kirsten is trying to decide where to go for her well earned vacation. She would like to camp, but if the weather is bad, she wil

l have to go to a motel. Given the costs and probabilities of bad weather given below, which destination should she choose? Camping Cost Model Cost Probability of bad weatherNevada $20 $80 0.2Oregon $15 $85 0.4California $30 $95 0.1a. All 3 of themb. Californiac. None of themd. Nevadae. Oregon
Business
1 answer:
Vera_Pavlovna [14]3 years ago
5 0

Answer:

net total value of expense = cost of camping + prob. of bad weather x motel cost

NV for different areas

Nevada = 20+0.2x8 = 36

Oregon =15+0.4x85 = 49

California = 30+0.1x95 = 39.5

The children should choose Nevada as it has lowest value of potential cost.

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Gayle is talking with her insurance broker and is comparing prices with the broker, who shows her that Company A can sell her in
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Answer:

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# 8 &amp; # 9 please .. I appreciate it
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#8 is C. Unfortunately I do not know #9.
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