1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
jeka94
3 years ago
14

A company is considering making a new product. They estimate the probability that the new product will be successful is 0.75. If

it is successful it would generate $240,000 in profit. The cost to develop the product is $196,000. Use the revenue (profit – cost) and expected value to decide whether the company should make this new product.
Mathematics
2 answers:
Doss [256]3 years ago
8 0
<span>You take the probability of success (and the revenue generated by it) and the probability of failure (and the cost associated with trying it) and get an expected value:
 
 aP(a) + bP(b)

I hope my answer has come to your help. God bless and have a nice day ahead!


</span>
k0ka [10]3 years ago
5 0
Hello there.
<span>
A company is considering making a new product. They estimate the probability that the new product will be successful is 0.75. If it is successful it would generate $240,000 in profit. The cost to develop the product is $196,000. Use the revenue (profit – cost) and expected value to decide whether the company should make this new product.</span> 

aP(a) + bP(b)

You might be interested in
A certain slot machine has three identical independent wheels, each with 13 symbols as follows: 1 bar, 2 lemons, 2 bells, 2 plum
kari74 [83]

Answer:

Step-by-step explanation:

Given

there are 13 symbols in slot machines i.e. 1 bar , 2 lemons , 2 bells ,2 plums ,3 cherries , 3 oranges

there are Total of 3 machines

Probability of getting bar in machine is \frac{1}{13}

Probability of getting 3 bar on 3 machine=\frac{1}{13} \times\frac{1}{13}\times \frac{1}{13}=\frac{1}{2197}=0.0004

Probability of getting an orange=\frac{3}{13}

Probability of getting 3 oranges  on 3 machine=\frac{3}{13} \times\frac{3}{13}\times \frac{3}{13}=\frac{27}{2197}=0.0122

Probability of getting a Plum=\frac{2}{13}

Probability of getting 3 Plums  on 3 machine=\frac{2}{13} \times\frac{2}{13}\times \frac{2}{13}=\frac{8}{2197}=0.0036

5 0
3 years ago
Anyone want free brainliest???
otez555 [7]

Answer:

Yes please and thanks for the points!

Step-by-step explanation:

have a great day!

4 0
3 years ago
Read 2 more answers
(3n + 8n^ + 8n2) – (8n4 – 4n2 – 7)
Amanda [17]

Answer:

- 8n^{4}  + 12n^{2}  + 11n + 7

6 0
3 years ago
The discriminant of the equation x^2 - 4x + 4 = 0 shows there will be solution(s).
Alex787 [66]

Answer:

one real

Answer: 1

Step-by-step explanation:

Givens

a = 1

b = -4

c = 4

Discriminate

Discriminate = sqrt(b^2 - 4*a*c)

Discriminate  = sqrt(  (-4)^2 - 4 * (1)(4) )

Discriminate = sqrt ( 16 - 16)

Discriminate = sqrt(0)

Discriminate = 0

That means the 1 real root is -  b / 2a = 4/(2*1) = - -2 = 2

3 0
2 years ago
BASEBALL
skad [1K]
B. One arm extended straight to the side

website: scoutlife.org

6 0
2 years ago
Other questions:
  • The speed limit on a highway is 70 miles per hour about how fast is this in miles per minute
    14·1 answer
  • If y equals -6 when x equals 9 find X when y equals -3
    5·2 answers
  • What is the surface area of the sphere
    13·1 answer
  • The slope-intercept form of an equation y=mx+b. Which equation is correctly solved for the slope, m
    11·1 answer
  • A recipe calls for 3/4 cups of sugar for every 2 cups of flour. How much sugar per cup of flour?
    7·1 answer
  • Is 2/5 the same as 0.4?
    14·2 answers
  • PLS HELP ME OR ILL ME PLS :_:::::
    7·2 answers
  • Please give me the correct answer!!!
    11·1 answer
  • Graph each inequality on a number line.
    5·1 answer
  • An angle measures 138° less than the measure of its supplementary angle. What is the
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!