Answer:
c. $100,000
Step-by-step explanation:
Calculation of the expected net profit of Ephemeral services corporation
Since we are been told that 9 other companies besides esco are as well bidding for the $900,000 government contract, it means we have to find the expected net profit by dividing 1 by 9×$900,000 .Thus ESCO can only expect to cover its sunk cost.
Hence ,
E(X) = (1/9) × $900,000
E(X)=0.111111111×$900,000
E(X)= $100,000
Therefore the expected net profit would be $100,000
Answer:
I Got You 64 is the correct answer.
Step by-step explanation:
7 x 2= 14
5 x 10= 50
50 + 14= 64
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90+55+75+60+80+90=450
450/6=75
Answer:
D 57
Step-by-step explanation:
The value of X
Answer:4/10
Step-by-step explanation:
