Is means =
Of means multiply
X = 1.88 • 960.92
X= 1806.5296
Rounded to $1806.53
The answer is entertaining
Answer:
The expected profit is:
$5.
Explanation:
a) Calculations:
Profit from customers paying $10 = $6 ($10 - $4)
Profit from customers paying $8 = $4 ($8 - $4)
Expected profit from customers paying $10, = $6 x 0.5 = $3
Expected profit from customers paying $8, = $4 x 0.5 = $2
Total expected profit = $5.
The expected profit is the profit from customers paying $10 weighted with probability plus the weighted profit from customers paying $8. Adding the expected profit from each class of customers gives the overall expected profit combined.
Answer:
Standing
Explanation:
In business, Standing plans refers to list of specific actions related to the operations that is made to ensure to ensure that company's activity run smoothly. Standing plans could tend to be really flexible since it is depended on the new/current situations that is faced by the company.
In the example above,
United Airlines faced a potential disaster for the negative perception that might be created from their employees' action (negative coverage from news or social media)
. They create the standing plan as a form of damage control and to make employees could follow a better solution in case similar situation occurs in the future.
