Answer:
Expected loss = $342 million.
Step-by-step explanation:
The formula to compute the expected loss is:
Given:
<u>P (Loss)</u> <u>Amount of loss</u>
0.30 $320 million
0.30 $820 million
0.40 $0
Compute the expected loss as follows:
Thus, the expected loss is $342 million.
Answer:
1) -95.
2) 15.
3) The conference center is on floor 5.
Step-by-step explanation:
1) Evaluating gives
2) Substituting gives
3) After going 4 floors down, we are on level -4. After going 9 floors up to the desired room, we are on level -4+9=5. So the conference center is on floor 5.