Question

Please explain the answer to this question and I'll mark Brainliest! A private investigator figures that he has a one in ten chance of recovering stolen property for his client. The expenses for the investigation will cost him $10,000, but the recovery fee is $80,000. Based ONLY on this information, should the private detective take the job?
A) The expected value is $1,000.00, so the detective should take the job.
B) The expected value is $2,000.00, so the detective should take the job.
C) The expected value is −$2,000.00, so the detective should not take the job.
D) The expected value is −$8,000.00, so the detective should not take the job.

Answer 1

Answer:

A

Step-by-step explanation:

Since the expected value of this job is $1,000, we know that the correct answer is A and the detective should take the job.

I hope this helps!