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Blababa [14]
3 years ago
8

Tom wants to avoid any accidents on the work floor of his factory. if an accident does occur, it would cost him $500,000 in dama

ges. installing safety equipment would decrease the probability of an accident occurring from 20% to 10%. however, the equipment costs $20,000 to install. 10. what is his expected loss after installing the safety equipment
a. $20,000

b. $50,000

c. $100,000

d. $125,000
Business
1 answer:
nydimaria [60]3 years ago
8 0

after all the calculations it should be about $20,000 flat rate

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