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
EleoNora [17]
2 years ago
10

A construction company plans to invest in a building project. There is a 30% chance that the company will lose $30,000, a 40% ch

ance of a break even, and a 30% chance of a $60,000 profit. Based ONLY on this information, what should the company do?
The expected value is $9,000.00, so the company should proceed with the project.
B) The expected value is $18,000.00, so the company should proceed with the project.
C) The expected value is −$9,000.00, so the company should not proceed with the project.
D) The expected value is −$18,000.00, so the company should not proceed with the project.
Mathematics
1 answer:
Gnom [1K]2 years ago
4 0

Answer: Option 'A' is correct.

Step-by-step explanation:

Since we have given that

30% chance that the company will lose $30000.

40% chance of a break even that there is no loss and no profit.

30% chance that the company will profit $ 60000.

As we know the formula for "Expectation":

So, Expected value will be

\frac{30}{100}\times (-30000)+\frac{40}{100}\times 0+\frac{30}{100}\times 60000\\\\=03\times (-30000)+0.4\times 0+0.3\times 60000\\\\=-9000+18000\\\\=\$9000

Expected value is $9000. So, the company should proceed with the project.

Hence, Option 'A' is correct.

You might be interested in
Find the slope of the line. <br><br> 0<br> 2<br> -2<br> undefined
Sauron [17]
0

Hope this helps!!!!
7 0
2 years ago
Read 2 more answers
The first shipping by company charges a fee of $20 to ship a medium box, plus an additional $1 per pound. A second company charg
viktelen [127]

Answer:

Total cost=$25

Step-by-step explanation:

We can derive two expressions as follows;

Total cost for the First shipping company=Medium box charges+total additional charges

where;

Medium box charges=$20

Total additional charges=Charges per pound×number of additional pounds (n)

Total additional charges=1×n=n

replacing;

Total cost for the First shipping company=20+n....equation 1

Total cost for the second shipping company=Medium box charges+total additional charges

where;

Medium box charges=$15

Total additional charges=Charges per pound×number of additional pounds (n)

Total additional charges=2×n=2 n

replacing;

Total cost for the First shipping company=15+2 n....equation 2

Equating equation 1 and equation 2

15+2 n=20+n

2 n-n=20-15

n=5

Replace the value for n in equation 2

Total cost for the First shipping company=15+2 n....equation 2

Total cost=15+(2×5)=$25

7 0
3 years ago
a contractor charges $1200 for 100 square feet of roofing installed. at this rate, how much does it cost to have 1100 square fee
Ratling [72]

Step-by-step explanation:

If it cost $1200 to install 100 square feet of roofing, then it will cost $13200 to have 1100 square feet installed.

$1200/ 100 square feet         multiply 11 on both sides

$13200/ 1100 square feet

<h3><u><em>Please mark this as brinliest thank you!!!</em></u></h3><h3><u><em>: )</em></u></h3><h3><u><em>And as always, </em></u></h3><h3><u><em>simplify bananas</em></u></h3>
8 0
3 years ago
Order the integers from least to greatest.<br><br><br><br> -7 2 6 -4 3
tangare [24]
-7, -4, 2, 3, 6.

Hoped I helped!
7 0
3 years ago
Read 2 more answers
Solve this equation 3+5/2x=1/2x-8
guajiro [1.7K]

Answer:

34

Step-by-step explanation:

3 0
3 years ago
Other questions:
  • Sonji paid $25 for two scarves, which were different prices. When she got home she could not find the receipt. She remembered th
    7·1 answer
  • In the equation f(x)=5 (x+3) -10 what does the 5 do?
    7·1 answer
  • HELP PLSSLSLS ANYONE KNOW THE ANSWER TO THIS
    6·1 answer
  • What is the slope for the table?<br> x 4 8 12 16 <br> y 5 10 15 20
    6·1 answer
  • Number 4 not anything else! Thank you. pls Help
    8·1 answer
  • What is the length of the missing side? <br> (Will mark brainliest)
    10·2 answers
  • MANY POINTS
    7·1 answer
  • A national college researcher reported that 65% of students who graduated from high school in 2012 enrolled in college. Twenty n
    9·1 answer
  • Which classifications apply to the polygon? Check all that apply.
    5·2 answers
  • Please help me! Bots keeps answering my questions and I really need an answer
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!