Answer:
Expected return for site A = $9.6 million
Expected return for site B = $12.4 million
according to the above results the company should choose SITE B because it has higher Expected return
Step-by-step explanation:
Given;
For site A,
Site A net if successful = $30 million
Success probability = 0.4
Site A loss if not successful= -$4 million
Probability of not successful = 0.6
For site B.
Site B net if successful = $60 million
Success probability = 0.3
Site B loss if not successful= -$8 million
Probability of not successful = 0.7
To estimate the expected return on an event with outcomes X1 and X2 with probabilities p1 and p2
E = X1(p1) + X2(p2)
Substituting for site A
E = 30(0.4) - 4(0.6)
E = $9.6 million
Substituting for site B
E = 60(0.3) - 8(0.7)
E = $12.4 million
Therefore, according to the above results the company should choose site B because it has higher Expected return
Probability of spinnin a 2 = 1/8
Probability of rollin a 3 = 1/6
<span>probability of spinning a 2 and rolling a 3 = 1/8 * 1/6 = 1/48
Answer is B
Hope it helps!
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Answer:
Hi, Jordan Here!
Step-by-step explanation:
the magnitude of a real number without regard to its sign. Also called modulus.
<em>happy to help! :D</em>
Answer:
64cm
Step-by-step explanation:
A squared + B squared = C squared this is the formula, c is the hypotenuse, so A+B=128
64+64+128
idk
Answer:
179 minutes
Step-by-step explanation:
You can write an equation to represent the cost of the rental, and then you can solve the equation to find the number of hours.
Let m = number of minutes.
The total cost is the cost per minute plus the fee to start.
1 minute costs $0.12.
2 minutes cost $0.12 * 2
x minutes cost $0.12 * x, or simply 0.12x.
The fee to start is $2, so the total to rent for m minutes is 0.12m + 2.
The equation
c = 0.12m + 2
gives you the cost, c, for a rental of m minutes.
We are told the total cost was $23.48. Replace c with 23.48, and solve for m, the number of minutes.
23.48 = 0.12m + 2
Switch sides.
0.12m + 2 = 23.48
Subtract 2 from both sides.
0.12m = 21.48
Divide both sides by 0.12
m = 21.48/0.12
m = 179
Answer: 179 minutes
